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December 24, 2012
09:04 EDTVTRVentas, Atria management to jointly own Atria Senior Living
Ventas has executed a transaction whereby Ventas and the management team of Atria Senior Living own 100% of Atria, effective December 21. Atria’s Chairman and CEO John A. Moore will continue to lead Atria. In the transaction, Ventas acquired 100% of various private investment funds previously managed by Lazard Frères Real Estate Investors LLC or its affiliates. The acquired Funds now own (a) a 34% interest in Atria and (b) 3.7 million shares of Ventas common stock. The total purchase price for these interests was approximately $242M. Atria’s executives and employees, including Moore, now own 66% of Atria. In the transaction, Ventas also extinguished its obligation related to the “Earnout,” a contingent performance-based payment arising out of Ventas’s 2011 acquisition of 117 Atria-managed senior living communities, for an additional $44M.
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August 18, 2015
16:49 EDTVTROn The Fly: Top stock stories for Tuesday
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07:11 EDTVTRCare Capital Properties begins operation as public company
Care Capital Properties (CCP) announced that it has begun operating as a standalone public company following the completion of its spin-off from Ventas, Inc. (VTR). Starting today, CCP will begin "regular-way" trading on the New York Stock Exchange under the ticker symbol "CCP." CCP will ring the Closing Bell at the NYSE today to celebrate its first day of trading.
07:10 EDTVTRVentas completes CCP spin-off
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