Reginal Thomas
0
All posts from Reginal Thomas
Reginal Thomas in reginal thomas,

Health Care REIT Inc. Makes Offer To Buy HealthLease for $950 Million


Heath Care REIT Inc. announced it would purchase HealthLease Properties Real Estate Investment Trust in a transaction that is valued at $950 million. Health Care REIT is looking to grow its presence in the senior housing and post acute care market. The consolidating market has seen a spree of recent acquisitions as healthcare real estate companies look to make the most of rising demand for senior care facilities. Seeing as how Health Care REIT is one of the largest U.S. healthcare real estate companies an opposing bid isn’t likely. Matt Kornack an analyst for National Bank Financial said “HealthLease has a solid growth business model, but it would have required a lot of equity to get to the point to justify the $14.20 target price.”