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Provident Senior Living Trust was a real estate investment trust (REIT) focused on the acquisition and ownership of senior housing communities, including independent living, assisted living, and memory care facilities. The company operated a portfolio of high-quality residential properties designed to provide specialized care and services to the elderly population across the United States. In 2005, the company was acquired by Ventas, Inc., a major healthcare REIT, in a transaction valued at approximately $1.2 billion. This acquisition significantly expanded Ventas's presence in the senior housing sector, adding 68 properties to its portfolio.
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