Aura Acquires Beit Bakfar Senior Living for $460 Million
Translated & summarized from Globes by baba
Aura, owned by Yaakov Attarachi, is acquiring Beit Bakfar, a veteran Israeli senior living company, for approximately 1.7 billion shekels. The deal includes cash and Aura shares and will add 975 existing units plus potential for 884 more to Aura's portfolio. Beit Bakfar will become a private company controlled by Aura upon closing.
The story in 5 lines · by baba
- Aura is acquiring Beit Bakfar, a senior living company, for 1.7 billion shekels.
- The deal includes 1.15 billion shekels in cash and 550 million shekels in Aura shares.
- Beit Bakfar currently operates 975 senior living units.
- The acquisition provides potential for an additional 884 housing units.
- Yaakov Attarachi's Aura Group is expanding into the senior living sector.
Aura, owned by Yaakov Attarachi, is entering the senior living sector with the acquisition of Beit Bakfar, one of Israel's oldest companies in the field. The deal, valued at approximately 1.7 billion shekels (about $460 million), includes 1.15 billion shekels in cash and 550 million shekels in Aura shares, based on a company valuation of 5.5 billion shekels.
This acquisition will add a revenue-generating operation to Aura Group, comprising 975 existing housing units and significant growth potential for an additional 884 units across three projects. Following the transaction's completion, Beit Bakfar will become a private company under Aura's control.
