Mergers and acquisitions in the Long-Term Care sector have been humming this year, with more than 200 transactions on the books through mid-June. But the sale prices, when disclosed, haven’t been as impressive. Finally, the first billion-dollar-plus deal was announced on June 3. Ventas, Inc. (NYSE: VTR) paid $1.8 billion (C$2.4 billion) for an 85% stake […]
Ventas, Inc. (NYSE: VTR) is now in the Long-Term Care record books. On August 20, the REIT announced it will pay $194 million, or $894,000 per unit, for Brookdale Senior Living‘s (NYSE: BKD) Brookdale Battery Park property. We think that’s a record per-unit price. It was opened in 2000 at an approximate cost of $50 million. […]
Kindred Healthcare is selling its entire skilled nursing portfolio to BlueMountain Capital Mangement and other investors.
Care Capital Properties, a healthcare REIT spun off from Ventas in 2015, acquired six behavioral health hospitals from Signature Healthcare.
It’s been a busy year for mergers and acquisitions in the Hospital sector, and it’s not over yet. Our preliminary figures show 101 transactions with a combined deal value of $8.7 billion. At least two announced transactions have been terminated, and there are still a few to track down, so those numbers will change. Of […]