Health Care REIT to buy Sunrise for $845 mln

Wed Aug 22, 2012 7:49am EDT

Aug 22 (Reuters) - Sunrise Senior Living Inc said it will be bought by Health Care REIT Inc for about $845 million.

The $14.50 per share offer represents a 62.4 percent premium to Sunrise's Tuesday close.

The deal is expected to close in the first half of 2013.

Goldman Sachs & Co and KeyBanc Capital Markets Inc acted as financial advisers to Sunrise.