Healthpeak Properties, Inc. (NYSE: PEAK) (“Healthpeak” or “PEAK”) and Physicians Realty Trust (NYSE: DOC) (“Physicians Realty Trust” or “DOC”) announce they have entered into a definitive agreement to combine in an all-stock merger of equals valued at approximately $21 billion. Under the terms of the agreement, each Physicians Realty Trust common share will be converted into 0.674 of a newly issued Healthpeak common share. The combined company will be the leading real estate platform dedicated to healthcare discovery and delivery with a 52 million square foot portfolio, including 40 million square feet of outpatient medical properties concentrated in high-growth markets such as Dallas, Houston, Nashville, Phoenix, and Denver.
Source: https://www.businesswire.com/news/home/20231030066887/en/Healthpeak-Properties-and-Physicians-Realty-Trust-to-Combine-in-an-All-Stock-Merger-of-Equals-to-Create-the-Pre-Eminent-Owner-Operator-and-Developer-of-Real-Estate-for-Healthcare-Discovery-and-Delivery-An-Attractive-and-Growing-Market