Ventas buys private hospital chain for $1.75 billion

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(Reuters) – Ventas Inc , a healthcare real estate investment trust (REIT), said it would buy privately held hospital chain Ardent Medical Services Inc for $1.75 billion in cash. Ventas’ shares were up 2 percent at $74.74 in premarket trading on Monday. The deal will give Ventas 10 Ardent hospitals with about 2,045 beds. Ventas will split Ardent’s real estate portfolio from its hospital operations, and sell the hospitals to a new company owned by current Ardent management and other equity sources.
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