Sunrise Senior Living has announced that funds affiliated with BDT & MSD Partners (BDT & MSD), a merchant bank and investment partner to leading businesses and management teams, have entered into a definitive agreement to acquire Sunrise from the Public Sector Pension Investment Board (PSP Investments), in a new partnership with Sunrise’s senior leadership team, led by CEO Jack Callison Jr.
Sunrise Senior Living operates more than 230 communities across the United States and Canada, serving more than 22,000 residents. Its platform includes a third-party management business, a joint venture investment platform and a development pipeline of more than 50 new communities with an expected development cost of approximately $7.5 billion.
The new partnership comes at a time when generational demographic shifts are driving growing demand for high-quality senior living. With its experienced leadership team, trusted brand, specialized operating capabilities and robust d
