Ventas plans to spin off its skilled nursing real estate, such as this Kindred Healthcare facility in Indianapolis, into a separate REIT.
(Photo courtesy of Kindred Healthcare)
Ventas Inc. is not only the country’s largest healthcare REIT, it’s also an HRE trend-setter
In the past year, Debra Cafaro, CEO of the healthcare real estate investment trust (REIT) Ventas Inc. (NYSE: VTR) has indicated that the firm that has long concentrated on investing mostly in senior housing and medical office buildings (MOBs) would probably get more heavily into the ownership of hospitals.
Sure enough, on April 6, just as this edition of Healthcare Real Estate Insights™ was going to press, Ventas announced that it plans to acquire Ardent Medical Services Inc. for $1.75 billion. Included in the acquisition of the for-profit health system are 10 hospitals totaling 2,045 beds. Ventas plans to keep the real estate while leasing the facilities back to a new operating entity formed by Ardent, in which Ventas will have a 9.9 percent stake.
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
