Firm Advises on $7.4 Billion REIT Acquisition

March 6, 2011

Willkie advises Centerview Partners LLC, financial adviser to Ventas, Inc., in a deal that creates the biggest healthcare real estate investment trust in the United States.

On February 28, it was announced that Ventas, Inc. and Nationwide Health Properties, Inc. reached a definitive agreement under which Ventas will acquire all of the outstanding shares of NHP in a stock-for-stock transaction valued at $7.4 billion. The deal creates one of the largest publicly traded real estate investment trusts (REIT) and the leading healthcare REIT by equity value. Willkie represented Centerview Partners LLC, financial adviser to Ventas, in the transaction. Ventas owns and operates more than 700 senior housing communities, skilled-nursing facilities and hospitals in 44 states. NHP is a publicly traded REIT that invests in senior housing facilities, long-term care facilities and medical office buildings throughout the United States. The deal was handled by partners Steven Seidman, Laura Delanoy and Mark Getachew, and associate Adeline Park.