Ventas to buy Atria Senior Living assets for $1.5 bln

Oct 22 (Reuters) - U.S. healthcare real-estate investment trust Ventas Inc (VTR.N) plans to announce on Friday its acquisition of the real-estate interest in Atria Senior Living Group for $1.5 billion, the Wall Street Journal reported.

Ventas will pay $150 million cash and 25 million shares valued at $1.35 billion, based on its 10-day weighted average price of $54.09 as of Oct. 20, the WSJ said.

Under the deal, Ventas will acquire 118 senior housing communities from Atria that are mostly located in wealthy metropolitan enclaves and coastal communities around New York, New England and California, the paper said.

Earlier this month, Ventas acquired real estate interest in 58 senior-living communities from a unit of Sunrise Senior Living (SRZ.N) for $186 million, including $145 million in mortgage debt. [ID:nSGE6930G6]

Neither Ventas nor Atria were available for comment.

Shares of Ventas closed at $54.75 Thursday. (Reporting by Anand Basu in Bangalore; Editing by Dan Lalor)