Deals
Ventas Agrees to Acquire Nationwide Health for $5.7 Billion
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Ventas Inc., the owner of more than 600 senior-care and medical properties, agreed to buy Nationwide Health Properties Inc. for about $5.7 billion in the biggest deal ever among health-care real estate investment trusts.
Ventas will pay 0.7866 of its stock for each Nationwide share, the Chicago-based company said today in a statement. That’s equal to about $44.99 as of Ventas’s closing share price on Feb. 25, a 15 percent premium to Nationwide’s close that day. The Newport Beach, California-based company has about 126.3 million shares outstanding.