Ventas buys Ardent, spins off skilled nursing facilities

April 6, 2015 11:27 AM

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Ventas Inc. will pay $1.75 billion for Ardent Medical Services Inc. and will spin off most of its skilled nursing facilities into a publicly traded real estate investment trust.

Ventas, which is a real estate investment trust focusing on health care facilities, is expanding its for-profit hospital operations with the buyout of Nashville, Tennessee-based Ardent.

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