Ventas awarded more than $100 million in lawsuit against HCP

Share this article:

A jury in Kentucky has awarded Ventas Inc. approximately $101 million in a lawsuit against HCP Inc. Ventas accused of HCP of interfering with its acquisition of Sunrise Senior Living Real Estate Investment Trust in April 2007.

During the trial, the court dismissed Ventas's claims for punitive damages, according to HCP. Ventas originally sought approximately $300 million in compensatory damages as well as punitive damages, HCP said. HCP will appeal the adverse jury verdict. Both Ventas and HCP are real estate investment trusts. Ventas is the landlord for Kindred Healthcare Inc., a nursing home chain.

Sunrise REIT had accepted an offer from Ventas in 2007 when HCP issued a competing offer to Sunrise REIT. A short legal fight ensued and the Ontario Court of Appeal determined that Sunrise REIT was obligated to comply with its purchase agreement with Ventas.


Share this article:

More in News

Skilled nursing facilities with poor quality ratings do not readmit more patients to hospitals, researchers find

Skilled nursing facilities with poor quality ratings do ...

Low-quality and high-quality skilled nursing facilities readmit about the same proportion of residents to hospitals, suggest research findings recently published in the American Journal of Medical Quality.

Cipro and related antibiotics increase MRSA risk in long-term care facilities, study ...

Long-term care residents on a fluoroquinolone antibiotic such as Cipro are at an increased risk for methicillin-resistant Staphylococcus aureus, researchers in France have found.

Jonathan Blum, who oversaw long-term care reforms, resigns as head of Medicare

The nation's top Medicare official, Jonathan Blum, is leaving his post next month, news outlets reported Tuesday. Blum became a familiar figure to long-term care providers through Open Door Forum calls and other outreach efforts during his five-year tenure, as he guided implementation of Medicare ...