Chartwell Retirement Residences ( ($TSE:CSH.UN) ) has issued an update.
Chartwell Retirement Residences has completed a strategic transaction with Welltower Inc., transferring its interests in 23 co-owned residences to Welltower and management of 25 properties to Cogir. This move, in exchange for cash and Welltower’s interests in 16 residences, aims to ensure a smooth transition for residents and employees while potentially strengthening Chartwell’s market position.
More about Chartwell Retirement Residences
Chartwell Retirement Residences is a leading Canadian company in the senior housing industry, offering a comprehensive range of services including independent living, assisted living, and long-term care. As one of the largest operators in Canada, Chartwell serves over 25,000 residents across four provinces, committed to enhancing the lives of seniors.
YTD Price Performance: 6.77%
Average Trading Volume: 287,351
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$4.46B
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