Ventas to buy ARC Healthcare in $2.6 bln deal

June 2 Mon Jun 2, 2014 7:05am EDT

June 2 (Reuters) - American Realty Capital Healthcare Trust Inc, a real estate investment trust focused on acquiring medical office buildings, said it would sell itself to rival Ventas Inc in a stock and cash deal valued at $2.6 billion.

ARC Healthcare said Ventas would pay $11.33 per share, a premium of about 14 percent to the stock's Friday close.

The acquisition will allow Ventas to strengthen its position in senior living facilities. ( (Reporting by Ankit Ajmera in Bangalore; Editing by Saumyadeb Chakrabarty)

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