Griffin-American Healthcare REIT III completed the merger with Griffin-American Healthcare REIT IV in a $4.2bn deal.

Griffin-American Healthcare REIT III, a real estate investment trust, completed the merger with Griffin-American Healthcare REIT IV, a non-traded real estate investment trust, in a $4.2bn deal. The newly combined company, is renamed as American Healthcare REIT. "We are pleased to have completed this merger and are excited about the future prospects of American Healthcare REIT. As a large, diverse, and self-managed healthcare REIT, we believe we are strategically positioned to pursue a future listing or IPO on a national stock exchange that would provide liquidity to our existing stockholders and unlock greater growth and value enhancement opportunities as a publicly traded company," Danny Prosky, GAHR III and GAHR IV President and CEO.