M&A Deal Summary

Ventas Acquires Provident Senior Living Trust

On June 7, 2005, Ventas acquired real estate company Provident Senior Living Trust for 1.2B USD

Acquisition Highlights
  • This is Ventas’ 2nd transaction in the Real Estate sector.
  • This is Ventas’ 6th largest (disclosed) transaction.
  • This is Ventas’ 2nd transaction in the United States.
  • This is Ventas’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2005-06-07
Target Provident Senior Living Trust
Sector Real Estate
Buyer(s) Ventas
Deal Type Add-on Acquisition
Deal Value 1.2B USD
Advisor(s) FBR & Co. (Financial)

Target

Provident Senior Living Trust

Princeton, New Jersey, United States
Provident Senior Living Trust is a self-administered and self-managed real estate investment trust headquartered in Princeton, New Jersey. Provident focuses on acquiring income producing senior living properties, primarily independent and assisted living properties, located in the United States, that derive substantially all of their revenues from private pay sources.

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Buyer(S) 1

Buyer

Ventas

Chicago, Illinois, United States
Category Company
Sector Real Estate
Employees486
Revenue 4.5B USD (2023)
DESCRIPTION

Ventas is a real estate investment trust (REIT), with a highly diversified portfolio of nearly 1,500 seniors housing communities, medical office buildings, skilled nursing facilities and hospitals in 46 states, the District of Columbia and two Canadian provinces. Ventas is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 12
Sector (Real Estate) 2 of 11
Type (Add-on Acquisition) 1 of 7
State (New Jersey) 1 of 1
Country (United States) 2 of 11
Year (2005) 1 of 1
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-20 ElderTrust

Wilmington, Delaware, United States

ElderTrust is a real estate investment trust that invests in real estate properties used in the healthcare services industry, principally along the East Coast of the United States.

Buy $184M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-26 Sunrise Senior Living REIT

Toronto, Ontario, Canada

Sunrise Senior Living REIT a real estate company.

Buy $1.8B
Mergr

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