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New Deal


Announced

Completed

Healthpeak Properties completed the acquisition of Brookdale's 51% joint venture interest for $510m.

Financials

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Transaction Value£414m
Consideration TypeCash
Capital Owned49%
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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senior living communities

Acquisition

Friendly

Health Care Facilities

Private

United States

Joint Venture

Majority

Single Bidder

Completed

Private Equity

Synopsis

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Healthpeak Properties, a Real Estate Investment Trust, investing primarily in real estate serving the United States healthcare industry, completed the acquisition of the 51% joint venture interest of Brookdale Senior Living, which owns and operates over 1k senior living communities and retirement communities in the United States, for $510m. "We are pleased with the outcome of this mutually beneficial transaction, which reflects the collaboration and partnership we share with Brookdale. This transaction will allow HCP to improve its operator diversification, as well as strengthen its remaining Brookdale triple-net portfolio." Tom Herzog, HCP President and Chief Executive Officer.

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