Ventas has plans to acquire New Senior Investment Group in an all-stock transaction, valued at approximately $2.3 billion, including $1.5 billion of new senior debt.
New Senior has a high-quality, geographically diversified portfolio of 103 private-pay senior living communities, including 102 independent living communities, totaling 12,404 units and located across 36 states in the United States.
New Senior’s communities are located in highly attractive submarkets with compelling metrics, including advantaged median home values exceeding $300,000, median incomes exceeding $70,000, proximity to premier retail locations and limited deliveries of new supply expected in the next few years. The wealth metrics in these submarkets make the communities’ price point highly affordable and accessible.