Ventas Names and Registers Skilled Nursing Spin-Off, Care Capital Properties

CHICAGO — Ventas Inc. (NYSE: VTR) has filed a Form 10 Registration Statement with the Securities and Exchange Commission in connection with its previously announced plan to spin off most of its post-acute/skilled nursing facility portfolio into an independent, publicly traded REIT. The new public company will be named Care Capital Properties Inc. (CCP).

Ventas to Acquire Ardent Health Services for $1.75B, Spin Off Skilled Nursing Portfolio

CHICAGO — Ventas Inc. (NYSE: VTR), a seniors housing and healthcare REIT, has signed a definitive agreement to acquire Ardent Medical Services Inc. for $1.75 billion in cash. Ardent Medical, a subsidiary of Nashville-based Ardent Health Services, is one of the 10 largest for-profit hospital firms in the United States. The privately owned Ardent Medical will be entitled to distribute up to $75 million in excess cash to its existing shareholders as part of the transaction.

KeyBank Arranges $26.7M Loans for Texas Long-Term Care Portfolio

COPPERAS COVE, HARKER HEIGHTS and KILLEEN, TEXAS — KeyBank Real Estate Capital has arranged a total of $26.7 million in FHA financing for a three-property, long-term care portfolio in Texas. Two of the properties are skilled nursing facilities and one is a combination skilled nursing and assisted living facility.

IPA Brokers Sale of Skilled Nursing Facility for $18M

LAKEWOOD, Colo. — Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc. specializing in serving institutional and private real estate investors, has brokered the sale of Bethany Rehabilitation Center, a skilled nursing and short-term rehabilitation facility in Lakewood. The $17.95 million sales price equates to $105,600 per licensed bed

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