### CareTrust REIT to Acquire Care REIT plc in $817 Million Deal
CareTrust REIT, Inc., based in San Clemente, California, has announced the acquisition of UK-based Care REIT plc for 108 pence per share in cash. The transaction, including the assumption of debt, is valued at approximately $817 million.
Previously known as Impact Healthcare REIT plc, Care REIT has established a portfolio of 137 senior care homes, encompassing around 7,500 operating beds. These properties are leased to 15 operators across England, Scotland, and Northern Ireland. CareTrust REIT plans to foster growth by strengthening relationships with Care REIT’s existing operators, supporting ongoing development projects, expanding investment opportunities, and collaborating with additional operators.
“We have been following the UK for some time looking for the right entry point,” said Dave Sedgwick, president and CEO of CareTrust REIT. “We believe we have found it in the Care REIT platform, which has assembled what we consider to be an excellent, diversified portfolio of UK assets and operator partnerships. We look forward to combining the Care REIT platform with our own and expanding our mission of growing with great operators in the UK.”
Piper Sandler Ltd is serving as the sole financial advisor, while Jones Day is acting as legal advisor to CareTrust. The acquisition is expected to close in the second quarter of 2025.
*Pictured: Care REIT’s Birchlands Nursing Home near York, England.*
