| Home : December 2011 : December 19, 2011 News : Extendicare REIT Announces Sale of its U.S. Group Purchasing Division for US$56 Million |
Extendicare REIT Announces Sale of its U.S. Group Purchasing Division for US$56 Million |
December 19, 2011
MARKHAM, ONTARIO--(Marketwire - Dec. 19, 2011) - Extendicare Real Estate Investment Trust ("Extendicare REIT" or the "REIT") (TSX:EXE.UN) today announced its wholly owned U.S. subsidiary, Extendicare Health Services, Inc. (EHSI), has reached an agreement in principal to sell its group purchasing organization, or GPO, to Navigator Group Purchasing (Navigator), a subsidiary of Managed Health Care Associates, Inc. (MHA).
http://www.marketwire.com/mw/release.do?id=1600357&sourceType=3
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