Ventas, a publicly traded real estate investment trust, said it closed on a deal to buy Nationwide Health Properties for $7.4 billion in an all-stock transaction.
Ventas completes Nationwide Health deal
First announced in February, Ventas shareholders voted to issue stock to shareholders in Nationwide during a special meeting today in Chicago, according to a Ventas news release (PDF).
The deal diversifies Chicago-based Ventas’ operations. Financial projections for the $23 billion company will be released with Ventas’ second-quarter results, the company said.
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