CareTrust REIT, Inc. (NYSE: CTRE) (“CareTrust”) announces that it has reached an agreement with the board of directors of Care REIT plc (LON: CRT) (“Care REIT”) on the terms of a recommended cash offer to be made for the acquisition of Care REIT by CR United Bidco Ltd (“Bidco”), a wholly-owned subsidiary of CareTrust (the “Acquisition”). CareTrust has agreed to pay 108 pence in cash per ordinary share of Care REIT. Based on the Sterling to Dollar exchange rate on March 10, 2025, the terms of the acquisition represent a Care REIT market capitalization of US$577 million and, together with the assumption of net debt of approximately US$240 million, represents a total purchase price of approximately US$817 million.
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Source: https://www.businesswire.com/news/home/20250311170332/en/CareTrust-REIT-Inc.-Announces-817-Million-Recommended-Cash-Acquisition-of-Care-REIT-plc