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sale-manageback

sale-manageback
 n.— «During September 1999, Regent sold to its Chairman and Chief Executive Officer its 108-bed Scottsdale, Arizona community under a sale-manageback arrangement. As a result of the sale, Regent generated approximately $1.2 million of cash available for general working capital requirements.…Regent continues to manage the community pursuant to a long-term agreement.» —“Regent Assisted Living, Inc. Announces 1999 Third Quarter Financial” in Portland, Ore. Business Wire Nov. 15, 1999. (source: Double-Tongued Dictionary)

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