Prima Living, a Canadian senior housing operator, is looking to further expand its portfolio through acquisitions. This strategic move follows its recent purchase of nine retirement communities from Chartwell Retirement Residences for C$118 million (approximately $83.7 million).

The acquisition significantly bolsters Prima Living's holdings, adding 1,187 senior-home suites to its operational capacity. The company has expressed openness to exploring public markets as a potential avenue for future growth and funding, indicating a serious ambition to scale its business.

Prima Living's aggressive expansion strategy underscores a growing trend in the senior living sector, where consolidation and strategic investment are key to capturing market share and meeting increasing demand. The company's next steps will be closely watched by industry observers.