Deals
Ventas to Buy ARC Healthcare, Housing for $3.5 Billion
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Ventas Inc., the biggest U.S. health-care real estate investment trust by market value, agreed to a pair of deals totaling $3.5 billion as it expands its ownership of medical offices and housing for the elderly.
Ventas, based in Chicago, agreed to buy American Realty Capital Healthcare Trust Inc. for $2.6 billion in cash and shares, according to a statement today. Ventas also said it will buy 29 independent senior-housing communities in Canada from Lake Oswego, Oregon-based Holiday Retirement for C$980 million ($900 million) in cash.