Ventas Buys Nationwide Health Properties

February 28, 2011

February 28, 2011. In the largest health care REIT acquisition ever, Ventas has entered into an agreement to purchase Nationwide Health Properties in a transaction valued at $7.4 billion.  The stock-for-stock deal provides NHP shareholders with a value of....

approximately $45.00 per share, representing a 15% premium to last Friday's closing price.  This acquisition is expected to be immediately accretive to Ventas and will result in the largest health care REIT in terms of market cap and investments.  This comes on top of other blockbuster REIT acquisitions in the last six months that involved the purchase operating company assets, but we suspect we will see more REIT to REIT deals in the future.  We will also see more billion-dollar REIT acquisitions of seniors housing and care properties.       

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