Skilled Nursing News March 11, 2025
CareTrust REIT (NYSE: CTRE) announced Tuesday that it has reached an agreement with the board of directors of Care REIT on the terms of a recommended cash offer to be made for the acquisition of Care REIT by CR United Bidco Ltd, a wholly-owned subsidiary of CareTrust.
CareTrust is acquiring Care REIT for $1.39 per share, representing $577 million in equity and $240 million in debt for a total of $817M. In-place U.K. debt is at 4.6%.
The acquisition represents a 32.8% premium to Care REIT’s March 10 closing share price and a 28.1% premium to the volume-weighted average share price of Care REIT for the twelve-month period ended March 10, 2025.
“We have been following the U.K. for some...
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