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Powerful health care real estate investment trust Ventas says it has agreed to acquire Chicago-based Lillibridge Healthcare Services in a deal valued at up to $400 million. The transaction, easily one of the largest recent deals in the medical real estate realm, is scheduled for completion in the third quarter.
With the acquisition, Ventas will gain 100% interest in Lillibridge, a medical real estate company, and real estate interests in 95 medical office buildings and ambulatory facilities across the country. Lillibridge owns, develops and manages medical office buildings for not-for-profit health care systems.
Ventas Chairman and CEO Debra Cafaro...