American Realty Capital Healthcare Trust Inc, a real estate investment trust focused on acquiring medical office buildings, said it would sell itself to rival Ventas Inc in a stock and cash deal valued at $2.6 billion. ARC Healthcare said Ventas would pay $11.33 per share, a premium of about 14 percent to the stock's Friday close.
Ventas, Inc. is a real estate investment trust (REIT) with a geographically diverse portfolio of seniors housing and healthcare properties throughout the United States and Canada. Shares of VTR traded higher by 0.54% or $0.36/share to $66.80. In the past year, the shares have traded as low as $54.89 and as high as $73.41. On average, 1581290 shares of VTR exchange hands on a given day and today's volume is recorded at 2285149.
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