Boston, MA 06/05/2014 (wallstreetpr) –Both of Directors of both the companies i.e. Ventas, Inc. (NYSE:VTR) and ACR Health care unanimously arrived at the decision to enter in a definitive agreement according to which VTR will acquire American Realty Capital Healthcare for $2.6 billion. Such a deal surely will solidify VTR’s position of being a global leader in senior living and medical office buildings. Further, these transactions will facilitate VTR to continue in delivering growth and better returns to their shareholders. The company also stated that by acquiring ACR Health care, VTR is trying to focus on private pay assets. Also, that VTR is trying its best to expand and diversify its industry while maintaining strong credibility and solid balance sheets.
Another Deal Side By Side
Along with this, Ventas, Inc. (NYSE:VTR) also announced that will go on acquiring 29 independent living seniors housing communities as well by the third quarter of 2014. As of now the Holiday portfolio is 90 percent occupied, and it is expected that 50 percent are in markets with above average income. The company has high hopes on such transactions as these will help Ventas’s 2015 normalized Funds From Operations (FFO) to grow by accretion by at least 1 share. Further, the company also expects that these deals will unlevel yield of nearly 6 percent.
Financial And Strategic Benefits
These two portfolios are strong in terms of quality, location and occupancy which will only boost Ventas, Inc. (NYSE:VTR)’s growth. ACR Healthcare also holds great potential of investments which may even exceed $250 million and are expected to be finished by this year. The acquisition of ACR Healthcare expands and diversifies VTR’s business which makes it look too attractive to the market. Over all these transactions will add new seniors housing operators, five new skilled nursing operators and one new specialty hospital operator? So ACR Healthcare and 29 Canadian seniors housing communities both will not only provide a boost to Ventas, Inc. (NYSE:VTR)’s growth but will also expand its international presence.
