Biggest REIT buy is official

Share this article:
Ventas Inc. completed its $7.6 billion acquisition of Nationwide Health Properties on July 1, creating the largest healthcare REIT in the U.S.

In June, Ventas and Nationwide said they would pay prorated dividends for the current quarter following the acquisition. The dividends are based on their last dividend rates, 57.5 cents per share at Ventas and 48 cents per share at Nationwide.

The rate was multiplied by the number of days from the last dividend record date up to the day before the sale closed, divided by 91 days in the quarter.
Share this article:

More in News

Genesis, Skilled Healthcare merger to create huge long-term care provider with more than 500 facilities

Genesis, Skilled Healthcare merger to create huge long-term ...

Genesis HealthCare and Skilled Healthcare Group Inc. will merge to create a single long-term and post-acute care company with more than 500 facilities nationwide, the providers announced Tuesday.

Antipsychotic use tied to acute kidney injury, increasing pressure on nursing home ...

Older people who take antipsychotic medications are at a markedly increased risk of acute kidney injury, according to newly published research findings out of Canada. The study further supports ongoing efforts to reduce the number of nursing home residents on these drugs.

Family alleges long-term care facility banned them due to social media posts, ...

Family members of a Texas long-term care resident have sued the facility where she lives, claiming they were banned from visiting due to their social media posts, according to a publication covering legal proceedings in the state.