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Life Care Services in joint venture with Indiana company


Des Moines-based Life Care Services signed a joint venture agreement with Mainstreet Property Group LLC, of Cicero, Ind., to own and operate the first of several skilled nursing, short-term rehabilitation and assisted living communities. Mainstreet, which will act as the real estate owner/developer, has 13 similar communities currently in operation, according to a news release. The first joint venture community, Wabash Health and Wellness Suites in Wabash, Ind., is projected to open in January 2013.

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