Legal DealFolio - Ventas acquisition of Nationwide Health Properties

The Firm is representing J.P. Morgan Securities as financial advisor to Nationwide Health Properties, Inc. in a stock-for-stock transaction valued at $7.4 billion, creating one of the largest publicly traded REITs and the leading healthcare REIT by equity value. Under the terms of the agreement, NHP shareholders will receive a fixed exchange ratio of 0.7866 Ventas shares for each share of NHP common stock they own. Upon closing of the transaction, Ventas shareholders are expected to own approximately 65% and NHP shareholders are expected to own 35% of the combined company. NHP is a publicly traded REIT that invests primarily in heathcare assets in the United States. As of December 31, 2010, its portfolio of properties, including mortgage loans and properties owned by unconsolidated joint ventures, totaled 667 properties among the following segments: 298 senior housing facilities, 212 skilled nursing facilities, 134 medical office buildings, 12 continuing care retirement communities, 7 specialty hospitals, 2 assets in development and 2 assets held for sale. Ventas, an S&P 500 company, is a leading healthcare REIT. After giving effect to its pending acquisition of Atria Senior Living Group, its diverse portfolio will include more than 700 assets consisting of seniors housing communities, skilled nursing facilities, hospitals, medical office buildings and other properties. The Simpson Thacher team includes Brian Stadler and Ryan Gavin.

Deal Date:	24-02-2011	Practice Area:	Corporate and M&A
Deal Title:	Ventas acquisition of Nationwide Health Properties	Industry:	Real Estate Investment Trusts
Description:	The Firm is representing J.P. Morgan Securities as financial advisor to Nationwide Health Properties, Inc. in a stock-for-stock transaction valued at $7.4 billion, creating one of the largest publicly traded REITs and the leading healthcare REIT by equity value. Under the terms of the agreement, NHP shareholders will receive a fixed exchange ratio of 0.7866 Ventas shares for each share of NHP common stock they own. Upon closing of the transaction, Ventas shareholders are expected to own approximately 65% and NHP shareholders are expected to own 35% of the combined company. NHP is a publicly traded REIT that invests primarily in heathcare assets in the United States. As of December 31, 2010, its portfolio of properties, including mortgage loans and properties owned by unconsolidated joint ventures, totaled 667 properties among the following segments: 298 senior housing facilities, 212 skilled nursing facilities, 134 medical office buildings, 12 continuing care retirement communities, 7 specialty hospitals, 2 assets in development and 2 assets held for sale. Ventas, an S&P 500 company, is a leading healthcare REIT. After giving effect to its pending acquisition of Atria Senior Living Group, its diverse portfolio will include more than 700 assets consisting of seniors housing communities, skilled nursing facilities, hospitals, medical office buildings and other properties. The Simpson Thacher team includes Brian Stadler and Ryan Gavin.
Financial Center:	New York	Value:	-
Advised Party:	Financial Advisors	Law Firm	Simpson Thacher
Target Company Jurisdiction:	United States	Acquiror Jurisdiction:	United States
Classification:	Strategic Buyer Acquisitions Private Company	Lawyer	Brian M Stadler

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers