secwatch.observer — SEC 8-K summary
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Issuer:     CareTrust REIT, Inc. (CTRE)
CIK:        0001590717
Form:       8-K
Filed at:   2026-10-02T10:00:59+00:00
Accession:  0001628280-26-064352
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590717/000162828026064352/0001628280-26-064352-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590717/000162828026064352/ctre-20260930.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-064352

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