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Keppel takes 50% stake in US senior housing firm

Purchase price of up to around US$77.3m to be funded by Keppel's internal financial resources

Janice Heng

Published Thu, Aug 2, 2018 · 09:50 PM

Singapore

KEPPEL Corporation is going into the senior housing sector, with its subsidiary Keppel Capital Senior Living acquiring a 50 per cent stake in United States senior housing operator Watermark Retirement Communities.

Keppel Capital Senior Living entered into a conditional equity purchase agreement with Watermark on Thursday, Keppel announced after the market closed.

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