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Chehalem Springs merging with Brookdale
Assisted living Merger should finalize in summer, wont change community, officials say
With a transaction value of $2.8 billion, Emeritus Senior Living will merge with Brookdale Senior Living this summer, expanding both assistant living giants reach in the United States.
While Emeritus has a community, Chehalem Springs, in Newberg, the closest Brookdale location is in McMinnville. David Virden, communications specialist with Emeritus, said despite the merger, Chehalem Springs will remain the same.
Everything at the community level will stay exactly the same, Virden said. The same management staff, same caretakers, exact same except the name might change.
The merger was announced in late February and will create a company with 112,700 units in 1,161 communities in 46 states.
The transaction includes mortgage debt held by Emeritus amounting to $1.4 billion and its unclear if an ongoing federal investigation will have any impact on the merger or the facilitys future. The investigation was revealed by ProPublica a week after the merger was announced, looking into the companys Medicaid billing practices.
Virden said they dont know when everything will be finalized.
As you can imagine when youre merging two companies of our sizes, a lot has to happen, he said. We estimate the time that will close is the third quarter (June, July or August).