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Welltower-Amica deal gets regulatory clearance
Welltower Inc. has received regulatory clearance from the Competition Bureau of Canada to acquire the Amica Senior Lifestyles portfolio for $4.6-billion. The approval is conditional on Welltower selling four existing properties in Canada, a move reflecting the Bureau’s efforts to ensure market competition. This development clears the way for Welltower to take ownership of the high-end Amica portfolio, which includes 31 luxury retirement homes, projects under construction, and development sites.