Health Care REIT Inc said it would purchase Canada's HealthLease Properties Real Estate Investment Trust in a deal valued at $950 million, including debt, to expand its presence in senior housing and post-acute care segments.The acquisition is one in a series of deals as companies look to take advantage of rising demand for senior care facilities in a consolidating healthcare real estate sector.The deal will add more than 5,000 beds or units in North Carolina and Indiana in the United States and Alberta in Canada to Health Care's portfolio.Health Care will pay C$14.20 ($13) in cash for each HealthLease share, which represents a premium of 31 percent to HealthLease's Tuesday closing.
Health Care REIT, Inc. is a real estate investment trust (REIT). Shares of HCN remained unchanged at $63.51. In the past year, the shares have traded as low as $52.43 and as high as $66.76. On average, 2254670 shares of HCN exchange hands on a given day and today's volume is recorded at 0.
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