Aura Acquires Senior Living Chain Beit Bakfar in 1.7-Billion-Shekel Deal

Real estate developer Aura, controlled by Yaakov Atrachji, has signed an agreement to acquire full ownership of senior living chain Beit Bakfar from the Bluestein family at a valuation of 1.7 billion shekels, news outlets Maariv and ynet reported.

According to the reports, there is a discrepancy regarding the cash component: Maariv reported that the family will receive approximately 935 million shekels in cash, while ynet stated the cash payout stands at around 1.15 billion shekels, with the remainder paid in Aura shares. Beit Bakfar currently operates 975 residential units and is advancing hundreds more. Completion of the deal remains subject to regulatory approvals.