CORRECTED-Health Care REIT to buy HealthLease for $950 mln

Wed Aug 13, 2014 9:07am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

(Corrects to Tuesday from Monday in second paragraph)

Aug 13 (Reuters) - Health Care REIT Inc said it had agreed to acquire Canada's HealthLease Properties Real Estate Investment Trust in a deal valued at $950 million.

Health Care REIT will pay C$14.20 ($13) in cash for each HealthLease share, which represents a premium of 31 percent to HealthLease's Tuesday closing.

Health Care REIT said it expected the acquisition to add to its earnings immediately. ($1 = 1.09 Canadian dollar) (Reporting by Anand Basu in Bangalore; Editing by Kirti Pandey)