WASHINGTON, D.C., August, 2006 – LAWFUEL – Legal News Network – Lawyers with Hogan & Hartson LLP are representing Sunrise Senior Living, Inc., a leading provider of senior living services, in its acquisition of Trinity Hospice, Inc., a privately owned company which is the eighth largest hospice care provider in the United States with expected revenue of $60 million in 2006.
Through this acquisition, Sunrise will enter the fast-growing hospice care industry. The aggregate consideration for the transaction is estimated to be $68 million plus approximately $3 million in transaction costs for a total of approximately $71 million, subject to various adjustments set forth in the acquisition agreement. Consummation of the transaction, which is expected to occur in the third or fourth quarter of 2006, is subject to the satisfaction of certain conditions, including receipt of required regulatory approvals and other customary closing conditions.
Washington, D.C. partners Paul D. Manca and James G. McMillan led the Hogan & Hartson team. The transaction involved lawyers from the firm’s corporate, securities, and finance practice as well as lawyers focusing on health regulatory, tax, and employee benefits matters.