Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
Ventas buying American Realty Capital Healthcare Trust in $2.6B cash-and-stock deal
Original Publication Date: June 1, 2014 10:13PM
Publication Updated: January 8, 2025 11:03PM
NEW YORK, N.Y. – Ventas is purchasing American Realty Capital Healthcare Trust Inc. in a cash-and-stock deal valued at about $2.6 billion.
The companies each own medical care offices as well as other real estate properties.
Ventas Inc. will pay $11.33 per ARC Healthcare share, a 14 per cent premium to its Friday closing price of $9.95.
ARC Healthcare’s stock surged more than 15 per cent in Monday premarket trading.
ARC Healthcare shareholders can choose to receive 0.1688 Ventas common shares or $11.33 in cash for each common share of ARC Healthcare they own. The cash portion of the deal is subject to a cap of 10 per cent of ARC Healthcare’s outstanding shares.
Both companies unanimously approved the transaction, which is targeted to close in the fourth quarter.
News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
