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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today's Transactions:
Ventas Buys 34 Percent of Atria for $242M

Atria will continue to manage Ventas' 118 senior-living communities

Ventas Inc. (NYSE: VTR) has partnered with Atria Senior Living Inc. to acquire 100 percent of Atria.

To complete the deal, Ventas acquired 100 percent of private investment funds previously managed by Lazard Frères Real Estate Investors LLC. Those funds own 34 percent of Atria and 3.7 million shares of Ventas common stock. Ventas paid about $242 million for the interest.

Atria owns and operates senior living facilities in more than 27 states.

Atria will continue to manage 118 private-pay senior living communities for Ventas, a real estate investment trust based in Chicago.

Also on Dec. 26, National Health Investors Inc. (NYSE: NHI) paid $20.2 million for an assisted living facility in WIsconsin. 

Ventas has been considered an active acquirer in the healthcare REIT sector throughout 2012. For more information on real estate deals, namely when it comes to healthcare facilities, see “3Qs With ... Jeff Horowitz, Bank of America Merrill Lynch.”  

 

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