Ventas has declared a prorated common stock dividend, pending the completion of its American Realty Capital Healthcare Trust purchase.
In December, the Securities and Exchange Commission declared the Form S-4 related to this merger as effective. Pending shareholder approval, the merger was expected to be finished prior to February.
The latest purchase primarily consists of medical office buildings and seniors housing assets — as well as a pipeline of more than $250 million in potential investments. Ventas paid $2.9 billion in stock and cash to acquire the assets.
From the February 01, 2015 Issue of McKnight's Long-Term Care News
