Welltower Inc. has obtained regulatory clearance to complete the $4.6-billion acquisition of the Amica Senior Lifestyles portfolio more than 12 months after the deal was announced.

Ontario Teachers' Pension Plan has agreed to sell the portfolio of 38 high-end seniors residences to Wellltower Inc. for CAD $4.6 billion.

Amica Mature Lifestyles Inc. and BayBridge Seniors Housing Inc. have entered into an agreement pursuant to which BayBridge will acquire Amica, owner and operator of 26 luxury seniors residences across Ontario, British Columbia and Alberta.