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Announced

Completed

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

Financials

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Transaction Value£3,008m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

healthcare properties

Merger

Domestic

Single Bidder

Real Estate

United States

Other Specialty REITs

Private

Acquisition

Majority

Completed

Synopsis

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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.

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