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.
News
SAN FRANCISCO — Aging2.0, an international organization working to improve technology that supports seniors, has launched the Aging2.0 Alliance, a new membership community for senior care stakeholders and technology companies. The announcement was made at the 2015 National Investment Center (NIC) Capital and Business Strategies Forum in San Diego.
Merit Senior Living Holds Senior Living Executive Forum to Address Workforce Supply Shortage
by Jeff Shaw
CLIVE, Iowa — In response to a growing workforce shortage facing the aging services and long term supports and services (LTSS) industry, Merit Senior Living will host an inaugural Senior Living Executive Forum, called Convergence, to take place Friday, April 10 in Clive.
ACWORTH, Ga. — Construction will begin April 3 on Celebration Village Acworth with plans to open the 16.5 acre seniors housing community in May 2016. The community includes 114 independent living apartments, 44 apartment homes, 55 assisted living units and 31 memory care apartments.
HUNT VALLEY, Md. and CHICAGO — Omega Healthcare Investors Inc. (NYSE:OHI) has completed its acquisition of all the outstanding shares of Aviv REIT Inc. (NYSE:Aviv), forming a combined real estate investment trust with equity market capitalization of approximately $7.8 billion and a total market capitalization of approximately $11.1 billion.
ATLANTA— AdCare Health Systems Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), a provider of senior living and healthcare facility management, continues its transition from an owner and operator of healthcare facilities to a healthcare property holding and leasing company, with 35 of the company’s 40 properties leased or sub-leased. As a result, the company’s board of directors declared a cash dividend on the common stock. The company also announced changes to the board of directors and a the hiring of a new chief financial officer.