ProMedica Health System and Welltower completed the acquisition of Quality Care Properties for $3.9bn.

ProMedica Health System, a non-profit health care system, and Welltower, a real estate investment trust that invests in healthcare infrastructure, completed the acquisition of Quality Care Properties, a self-managed and self-administered real estate investment trust, for $3.9bn. "At the heart of this transaction is the need to shift care delivery into new, more cost-effective settings as well as to expand our unique wellness-focused strategy as we scale nationally. This is our opportunity to redefine the settings of effective care delivery outside of the hospital walls for aging seniors and enhance our service offering to span the entire continuum of care, including home health, post-acute care and residential memory care," Randy Oostra, ProMedica Health System President and CEO.