Capital Senior Living Corp. (NYSE: CSU) has purchased eight senior living communities for $72.9 million in Texas, Indiana and Ohio.
The buyer, headquartered in Dallas, operates 99 senior-living communities.
Capital expects the purchase will increase annual revenue by $20.4 million.
The deal follows other senior living transactions. Emeritus (NYSE: ESC) and HCP Inc. (NYSE: HCP) announced in October that they would acquire 142 senior housing communities for $1.8 billion. Health Care REIT Inc. (NYSE: HCN) also agreed to buy Sunrise Senior Living Inc. (NYSE: SRZ) for $3.2 billion.