---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-064352"
form_type: "8-K"
ticker: "CTRE"
cik: "0001590717"
company_name: "CareTrust REIT, Inc."
filed_at: "2026-10-02T10:00:59+00:00"
generated_at: "2026-10-12T14:30:27.675588+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CareTrust acquires 45 UK care homes from LNT for £1.1B; first 24 homes closed Oct 1 for £576M

## Summary
- First closing October 1, 2026: 24 UK care homes for £576M ($764M); remaining 21 under development to be bought through 2027 for £504M ($669M).
- Purchase price £24M per home; homes leased to LNT's Crystal Care unit on 20-21 year NNN leases at £1.4M ($1.9M) initial annual rent, 3% escalators, guaranteed by LNT.
- Stabilized NOI yield on cost projected mid-to-high 7% (£2.15M per home on £27.5M all-in); RIDEA SHOP conversion targeted 24-48 months post-completion, first by Q4 2027.
- Funded with forward equity settlement proceeds plus a revolver draw; pro forma enterprise value rises to $11.5B with 575 properties and 52,973 beds, from $10.0B/530/50,003.
- LNT shareholders granted CareTrust a purchase option through September 2027 to acquire all of LNT; deal expected accretive to normalized FFO per share during lease-up.

## SEC filing metadata
- accession: 0001628280-26-064352
- form_type: 8-K
- ticker: CTRE
- cik: 0001590717
- company_name: CareTrust REIT, Inc.
- filed_at: 2026-10-02T10:00:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590717/000162828026064352/0001628280-26-064352-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590717/000162828026064352/ctre-20260930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-064352
- JSON: https://secwatch.observer/filing/0001628280-26-064352.json
- Plain text: https://secwatch.observer/filing/0001628280-26-064352.txt

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