The proposed merger of American Realty Capital Healthcare Trust, Inc. (HCT), with and into a wholly owned subsidiary of Ventas Inc. (VTR), has crossed another hurdle. Shareholders of American Realty Capital gave their nod in favor of the merger. Although the closing of the deal still awaits fulfillment of certain customary closing conditions, everything is going smoothly according to the plan.
In fact, Ventas has been eyeing the merger deal for quite some time. This merger will add strength to the company’s already strong presence in the healthcare REIT sector. Importantly, this deal is in sync with Ventas’ strategy of bolstering its medical office building (MOB) footprint as well as international business.
In mid-December, Ventas, the Chicago, IL-based health-care Real Estate Investment Trust (“REIT”), moved a step closer to its merger with American Realty Capital, as the Securities and Exchange Commission (“SEC”) declared the Form S-4 related to this merger as effective.
Moreover, on Jan 5, 2015, Ventas declared a prorated dividend on the common stock upon closing of the acquisition of American Realty Capital. The dividend will be applicable only after a successful completion of the merger. (Read more: Ventas to Pay Dividend on American Realty Capital Merger )
Ventas currently carries a Zacks Rank #3 (Hold).
Some better-ranked healthcare REITs include Omega Healthcare Investors Inc. (OHI) and Medical Properties Trust Inc. (MPW). These two stocks hold a Zacks Rank #2 (Buy).
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