M&A Deal Summary

ReVera and Welltower Acquire Regal Lifestyle Communities

On October 26, 2015, ReVera and Welltower acquired healthcare services company Regal Lifestyle Communities for 764M CAD

Acquisition Highlights
  • This is ReVera’s 1st and Welltower’s 2nd transaction in the Healthcare Services sector.
  • This is ReVera’s 0th and Welltower’s 3rd largest (disclosed) transaction.
  • This is ReVera’s 1st and Welltower’s 2nd transaction in Canada.
  • This is ReVera’s 1st and Welltower’s 2nd transaction in Ontario.

M&A Deal Summary

Date 2015-10-26
Target Regal Lifestyle Communities
Sector Healthcare Services
Buyer(s) ReVera
Welltower
Deal Type Add-on Acquisition
Deal Value 764M CAD
Advisor(s) CIBC Capital Markets (Financial)
Stikeman Elliott (Legal)

Target

Regal Lifestyle Communities

Toronto, Ontario, Canada
Regal Lifestyle Communities, Inc. is a provider of healthcare services.

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Buyer(S) 2

Buyer

ReVera

Santa Clara, California, United States

Category Company
Founded 2003
Sector Test/Measurement Equipment
DESCRIPTION

ReVera, Inc. is a provider of materials metrology solutions for advanced semiconductor manufacturing. ReVera's products focus on process control of composition and film thickness for complex, multi-layer film stacks in the most critical process steps.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-15 Revera - 24 Skilled Nursing Facilities

United States

Revera, Inc. - 24 Skilled Nursing Facilities are located in the following states: eight in New Jersey, five in Vermont, three in Washington, two in Connecticut, two in Massachusetts and one in each of Maryland, Virginia, New Hampshire and Rhode Island.

Sell $240M
Buyer

Welltower

Toledo, Ohio, United States

Category Company
Sector Real Estate
Employees533
Revenue 6.5B USD (2023)
DESCRIPTION
Entrance to Welltower's corporate headquarters in Toledo, Ohio.
Entrance to Welltower's corporate headquarters in Toledo, Ohio.

Welltower is a real estate investment trust (REIT). The Company's portfolio ranges from healthcare real estate to senior housing communities, nursing/post-acute facilities, and medical office buildings.


DEAL STATS #
Overall 8 of 8
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-13 HealthLease Properties Real Estate Investment Trust

Toronto,, Ontario, Canada

HealthLease owns a modern, high-quality portfolio of seniors housing, post-acute and long-term care communities, with 53 properties in two Canadian provinces and eight U.S. states. The communities are leased to experienced tenant operators under long-term, triple-net lease structures.

Buy $950M