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Emeritus buys Weston for $18 million

Mon, 10/25/2010 - 5:45am
The Associated Press

Emeritus Corp., a provider of senior living services, said Monday it will buy The Weston Group Inc., one of its suppliers, for $18 million.

The Weston Group, of Easton, Pa., provides rehabilitation services and medical equipment to the senior living industry. Weston's annual revenue is about $37 million, with Emeritus accounting for about a third of that revenue.

The companies expect the deal to close in early 2011.

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