Welltower in Advanced Talks for £4B U.K. Senior Living Acquisition
Welltower Inc. (NYSE: WELL) shares rose 1.07% to $177.94, extending gains after hours, as the REIT negotiates a landmark £4 billion acquisition of Barchester Healthcare and Limecay. The deal WOULD mark one of Britain's largest healthcare property transactions, with an announcement potentially timed to Welltower's October 27 earnings release.
Irish investors JP McManus, Dermot Desmond, and John Magnier stand to receive the bulk of proceeds from the sale. The acquisition would dramatically expand Welltower's U.K. senior living portfolio, adding Barchester's nationwide network of care homes at a time when aging populations are driving demand for healthcare real estate.