CareTrust REIT ( (CTRE) ) has shared an announcement.
On March 11, 2025, CareTrust REIT, Inc. announced its intention to acquire Care REIT plc through its subsidiary CR United Bidco Limited for approximately $817 million. The acquisition, subject to court and shareholder approval, aims to capitalize on the fragmented UK care home market, driven by an aging population and limited new inventory. The acquisition has been unanimously approved by both companies’ boards and is expected to close in the second quarter of 2025.
More about CareTrust REIT
CareTrust REIT, Inc. is a publicly-traded real estate investment trust engaged in the ownership, acquisition, development, and leasing of skilled nursing, seniors housing, and other healthcare-related properties. The company operates a nationwide portfolio of long-term net-leased properties and is pursuing growth opportunities both in the United States and internationally.
YTD Price Performance: -2.68%
Average Trading Volume: 2,026,849
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.84B
For a thorough assessment of CTRE stock, go to TipRanks’ Stock Analysis page.