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Emeritus Corporation Announces Acquisition of 24 Assisted Living Communities

SEATTLE--(BUSINESS WIRE)--Emeritus Corporation (NYSE: ESC), (the “Company”) a national provider of senior living services, today announced that the Company has entered into a purchase and sale agreement with affiliates of Blackstone Real Estate Advisors (“Blackstone”) to acquire 24 assisted living communities comprised of approximately 1,867 units.