DigitalBridge Group has sold its Wellness Infrastructure business to an investment group consisting of two real estate investment firms, Highgate and Aurora Health Network, for $3.2 billion.
The Wellness Sale includes total net value to DigitalBridge of $316 million (comprised of $161 million in cash and a $155 million five-year seller’s note), the assumption of $2.6 billion in consolidated investment-level debt, and $294 million of subsidiary-level debt.
“This transaction marks the completion of our ‘diversified to digital’ transformation and further strengthens our corporate capitalization as we focus on continuing to build our industry-leading digital infrastructure platform,” said Jacky Wu, CFO of DigitalBridge.
In conjunction with the transaction, Highgate and Aurora have partnered to launch Santerre Health Investors, a new healthcare-focused investment and operating platform. Santerre will invest in healthcare-centric businesses by leveraging Hig