Competition Bureau reaches agreement with Welltower to further protect competition in retirement home industry
The agreement signed with Welltower follows a recent agreement concluded with Chartwell GATINEAU, QC , March 25, 2026 /CNW/ - The Competition Bureau has reached a consent agreement with Welltower OP LLC (Welltower) to address competition concerns related to its proposed acquisition of 34 retirement home properties from Amica Senior Lifestyles (Amica). It is the second such agreement this month following an agreement concluded with Chartwell . A Bureau review concluded that the proposed transaction would likely result in a substantial lessening of competition in accommodation and health care services provided by licensed private pay retirement homes in areas of British Columbia and Ontario. To resolve the Bureau's concerns, Welltower has agreed to sell four retirement homes from its existing portfolio located in Victoria, Northwest Vancouver, Brampton and Ottawa. The sales will be made to independent purchasers to be approved by the Commissioner of Competition. The Bureau is satisfied that ... Full story available on Benzinga.com
