Ventas, a real estate investment trust specializing in the ownership and management of health care facilities, completed the acquisition of New Senior Investment Group, a publicly traded real estate investment trust with a diversified portfolio of senior housing properties, for $3.8bn. "Building on the strong momentum we are experiencing in our business, we are delighted to announce this strategic and accretive acquisition with New Senior that expands Ventas’s position in senior housing at an important inflection point in the cycle as the senior housing industry rebounds," Debra A. Cafaro, Ventas Chairman and CEO.