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Encore Senior Living, one of the nation's largest privately-owned residential senior living providers, was slated o have closed last Friday on the acquisition of MillCreek Retirement Residence, 777 E. 3900 So., Salt Lake.
Terms were not disclosed.
Seller was MillCreek Retirement Associates, which is owned by the Hansen family of Salt Lake City. The family now plans to focus on the development of MillCreek Home Health Services, a Medicare-certified home health agency that will continue to operate out of MillCreek Retirement Residence.
"We have been looking a the Salt Lake market for quite a long time and to acquire MillCreek was a wonderful opportunity. It's a first class facility," said Jim Williams, Encore's president and CEO.
The purchase signals the company's entrance into the Utah market, where acquisition will be its primary mode of expansion, he said. The company has developed senior living properties...