Ventas Inc. (NYSE: VTR) has partnered with Atria Senior Living Inc. to acquire 100 percent of Atria.

To complete the deal, Ventas acquired 100 percent of private investment funds previously managed by Lazard Frères Real Estate Investors LLC. Those funds own 34 percent of Atria and 3.7 million shares of Ventas common stock. Ventas paid about $242 million for the interest.

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