CHICAGO – Sorting through the details of the massive and newsworthy acquisition of Lillibridge Healthcare Services by Ventas Inc. (NYSE: VTR) was supposed to take several months. Officers with both companies said that the $300 million to $400 million deal, which was announced June 23, would most likely close during the third quarter (Q3). (For more details on the acquisition, please see “Lillibridge’s last recap” in June 2010 edition of Healthcare Real Estate Insights.™) However, without much fanfare, Ventas issued a news release on July 7 announcing that the acquisition had closed that day. In acquiring Lillibridge, Ventas gained ownership and ownership interests in 95 medical office buildings (MOBs) and ambulatory facilities. Ventas, which has long concentrated on the seniors housing industry, made the acquisition, in part, to diversify its portfolio. As a result of buying Lillibridge, the company’s medical office portfolio of owned and/or managed properties
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