Healthpeak to acquire Physicians Realty Trust in all-stock merger valued at ~$6B

HEALTHPEAK PROPERTIES, INC.

Each Physicians Realty share will convert into 0.674 Healthpeak shares; expected close first half of 2024.
Termination fees: $111M payable by Physicians Realty; $365M payable by Healthpeak under certain conditions.
Five Physicians Realty board designees to join Healthpeak board at closing; board will expand to 13 members.
Mergers subject to shareholder approvals, regulatory clearances, and REIT status opinions.
Both boards unanimously approved the transaction; Healthpeak expects to retain Physicians Realty management.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

HEALTHPEAK PROPERTIES, INC. entered into Agreement and Plan of Merger with Physicians Realty Trust (effective 2023-10-29).

Action: entry
Agreement: merger
Counterparty: Physicians Realty Trust
Effective: 2023-10-29

Exact text from the filing

On October 29, 2023, Healthpeak Properties, Inc., a Maryland corporation (“ Healthpeak ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Alpine Sub, LLC, a Maryland limited liability company and a wholly owned subsidiary of Healthpeak (“ Alpine Sub ”), Alpine OP Sub, LLC, a Maryland limited liability company and a wholly owned subsidiary of Parent OP (as defined below) (“ Alpine OP Sub ”), Physicians Realty Trust, a Maryland real estate investment trust ( “Physicians Realty Trust ”), and Physicians Realty L.P., a Delaware limited partnership (the “ Partnership ” and, together with Physicians Realty Trust, the “ Company Parties ”).

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HEALTHPEAK PROPERTIES, INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-112569

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