Care Capital CEO Says Spin Off from Ventas Went Smoothly

Ray Lewis, CEO of Care Capital Properties, Inc. (NYSE: CCP), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Care Capital was spun off from Ventas, Inc. (NYSE: VTR) in mid-2015 as a pure-play REIT focused on the skilled nursing facility market. Lewis said the transition went well.

“We were very well prepared, and the spin couldn’t have gone smoother,” Lewis observed.

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Health Care REIT Ventas Ahead of Interest Rate Curve, CEO Says

Debra Cafaro, chairman and CEO of Ventas, Inc. (NYSE: SRG), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

The Global Real Estate Sustainability Benchmark (GRESB) recognized Ventas in 2015 for the health care REIT’s sustainability program. Cafaro cited the firm’s corporate philanthropy and governance as standout features its sustainability platform.

Debra Cafaro

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Ventas to Purchase ARC Healthcare in $2.6 Billion Deal

Ventas, Inc. (NYSE: VTR) said June 2 it has agreed to purchase American Realty Capital Healthcare Trust, Inc. (NASDAQ: HCT) in a stock and cash transaction valued at $ 2.6 billion.

Under the terms of the agreement, ARC Healthcare shareholders will have the option to receive either 0.1688 Ventas common shares or $ 11.33 in cash for each share of ARC Healthcare stock they own, representing a premium of approximately 14 percent over ARC Healthcare’s closing stock price on May 30.

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