M&A
confidence high
sentiment neutral
materiality 0.85
CareTrust closes acquisition of Care REIT plc for ~$840.5M total consideration
CareTrust REIT, Inc.
- Target shareholders receive 108 pence per share (~$595.4M cash); plus assumption of ~$245.1M net debt.
- Acquisition closed May 8, 2025 via UK court-sanctioned scheme of arrangement.
- Funded by $425.0M borrowing under revolving credit facility and cash on hand; $606.0M escrowed.
- Deal valued at $840.5M total purchase price at 0.75 GBP/USD exchange rate.