Emeritus buys Weston for $18 million
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.