Welltower to acquire NorthStar Healthcare Income for $900M

Welltower (WELL) and NorthStar Healthcare Income, an internally managed, public, non-listed real estate investment trust that owns a diversified portfolio of seniors housing properties located throughout the United States, “announced that NorthStar Healthcare has entered into a definitive merger agreement to be acquired by an affiliate of Welltower, in an all cash transaction with an approximate enterprise value of $900 million. Under the terms of the merger agreement, NorthStar Healthcare’s stockholders will receive $3.03 per share in cash. This per share consideration exceeds the net asset value per share of $2.96 determined by NorthStar Healthcare’s board of directors as of June 30, 2024.”