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Is Provident a Public Company?

COMPANY Provident public
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Is Provident a Public Company?

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No, currently Provident is a private company. In August 2004, the Company raised $430 million of equity through a private placement offering. The proceeds from the private placement, along with the assumption of existing mortgage debt and proceeds from the Company’s line of credit were used to acquire Provident’s existing portfolio of 68 senior living properties.

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