CHICAGO – Ventas Inc. (NYSE: VTR) recently acted upon its previously announced plan to create a new spin-off entity, a skilled nursing facility (SNF) REIT.
According to a Form 10 registration statement filing with the SEC, the new entity is known as Care Capital Properties Inc. (CCP), a publicly traded REIT. The new company holds 353 SNF and acute care properties operated by 43 private regional and local care providers. It will pursue a strategy focused on investment opportunities with regional and local operators in what Ventas calls the “highly fragmented SNF market.”
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