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Ventas to Acquire Cogdell Spencer for $770M

by thiryj

NREI reports:  Ventas Inc. continued its acquisition spree with the announcement that it has reached a definitive agreement to purchase Cogdell Spencer Inc., the owner of 72 medical office buildings, in an all-cash transaction. The boards of directors of both firms have approved the agreement, which includes $217 million in cash and the assumption of Cogdell’s debt for a total value of between $760 million and $770 million.

via Ventas to Acquire Cogdell Spencer for $770M.