Healthpeak Properties and Physicians Realty Trust have entered into a definitive agreement to combine in an all-stock merger of equals valued at approximately $21 billion. Under the terms of the agreement, each Physicians Realty Trust common share will be converted into 0.674 of a newly issued Healthpeak common share.
The combined company will be the leading real estate platform dedicated to healthcare discovery and delivery, with a 52 million-square-foot portfolio, including 40 million square feet of outpatient medical properties concentrated in high-growth markets such as Dallas, Houston, Nashville, Phoenix and Denver. The combined company also will benefit from both companies’ extensive relationships with the nation’s leading health systems.
“This combination joins two leading platforms, bringing them to the next level to create a company uniquely focused on healthcare discovery and delivery, a large and attractive playing field with strong secular growth,”
