Lattimore Black Morgan & Cain closed a transaction for the sale of 17 assisted living facilities for $79.5 million.

The firm’s mergers and acquisitions and business transition division further solidified its credentials with this transaction. David Wood, partner in charge of the division sees more activity in this area especially with the impending retirements of baby boomers.

The division was started four years ago and now has two full time staff members. Marketing is done internally as well as externally through joint programs with banks, lawyers, and other CPAs. They send bi-weekly emails, conduct seminars, and write articles for local newspapers.

From Practical Accountant, June 2006, 800-221-1809. For the complete article, click on the following link: http://www.webcpa.com/article.cfm?articleid=20295&;pg=pracacc.