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Ventas to buy American Realty Capital Healthcare Trust

Largest healthcare REIT gets larger, will fork out $2.6B for rival

From left: Ventas's Sunrise at La Costa and ARC clinic
From left: Ventas's Sunrise at La Costa and ARC clinic

The biggest U.S. health care real estate investment trust is set to get bigger.

Ventas management announced on Monday that the company is acquiring the American Realty Capital Healthcare Trust for $2.6 billion, or $11.33 per share, in a cash-and-stock transaction.  Under the deal, A.R.C. Healthcare shareholders would be able to convert stock into a fixed number of shares in Ventas, The New York Times reported.

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“These acquisitions are consistent with our stated strategy to be the leading owner of health care and senior living properties globally, and position Ventas to continue to deliver growth and consistent superior returns to our shareholders,” Debra Cafaro, CEO of Ventas, said in a statement.

Ventas has completed eight major acquisitions totaling $16 billion since 2004, according to the company’s website. [NYT] – Tom DiChristopher

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