Global law firm Hogan Lovells, is advising Welltower® Inc (NYSE: WELL) (“Welltower”) as it announces that NorthStar Healthcare Income, Inc. “NorthStar Healthcare,” an internally managed, public-non-listed real estate investment trust (REIT) has entered into a definitive merger agreement to be acquired by an affiliate of Welltower, in an all cash transaction with an approximate enterprise value of US$900 million.
Under the terms of the merger agreement, NorthStar Healthcare’s stockholders will receive US$3.03 per share in cash. This per share consideration exceeds the net asset value per share of US$2.96 determined by NorthStar Healthcare’s board of directors as of 30 June 2024. The proposed acquisition of NorthStar Healthcare by an affiliate of Welltower, which has been unanimously approved by NorthStar Healthcare’s board of directors, is expected to close in the first half of 2025.
Welltower is an S&P 500 company headquartered in Toledo, Ohio, that is driving the transformation of health care infrastructure. NorthStar Healthcare owns a diversified portfolio of seniors housing properties located throughout the U.S.
