.
MergerLinks Header Logo

New Deal


Announced

Welltower to acquire the skilled nursing joint venture of ProMedica.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

nursing facilities

Friendly

United States

Health Care Facilities

Single Bidder

Domestic

Majority

Acquisition

Private

Pending

Synopsis

Edit

Welltower, a real estate investment trust agreed to acquire the skilled nursing joint venture of ProMedica, a non-profit health care system. Financial terms were not disclosed. "By engaging in this transaction, we will be able to increase focus and resources on the other areas of our health system as we continue to provide high-quality, compassionate care and invest in our communities and dedicated caregivers. This was a complex transaction, and I would like to personally thank Welltower's executive team – particularly Shankh Mitra, CEO – for their efforts," Arturo Polizzi, ProMedica President and CEO.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US