UPDATE 2-Ventas buys private hospital chain for $1.75 bln

April 6, 2015 4:27 PM

22 0

* Shares jump as much as 6 pct to $77.34 (Adds details, CEO comments; updates shares)

April 6 (Reuters) - Ventas Inc, a healthcare real estate investment trust, is buying Ardent Medical Services Inc for $1.75 billion to expand its hospitals business at a time when more Americans are seeking healthcare services under the Affordable Care Act.

Also read: University of Oklahoma president says $1B debt not uncommon

Read more

To category page