---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-112345"
form_type: "8-K"
ticker: "DOC"
cik: "0000765880"
company_name: "HEALTHPEAK PROPERTIES, INC."
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T06:20:15.643197+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Healthpeak and Physicians Realty Trust to combine in $21B all-stock merger of equals

## Summary
- Each DOC share converts to 0.674 PEAK share; pro forma PEAK owns 77%, DOC 23%.
- Expected close in H1 2024; run-rate synergies at least $40M by Y1, up to $60M by Y2.
- Combined company to trade as DOC; Scott Brinker CEO, John Thomas Vice Chair of Board.
- Pro forma portfolio 52M sq ft (40M outpatient medical); dividend set at $1.20/share annualized.
- Pro forma net debt/EBITDAre low 5x; new $500M term loan at SOFR+85 bps assumed.

## SEC filing metadata
- accession: 0001104659-23-112345
- form_type: 8-K
- ticker: DOC
- cik: 0000765880
- company_name: HEALTHPEAK PROPERTIES, INC.
- filed_at: 2023-10-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/765880/000110465923112345/0001104659-23-112345-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/765880/000110465923112345/tm2329359d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-112345
- JSON: https://secwatch.observer/filing/0001104659-23-112345.json
- Plain text: https://secwatch.observer/filing/0001104659-23-112345.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.