Chicago-based Ventas Inc. (NYSE: VTR) is not in talks to buy Brookdale Senior Living (NYSE: BKD), the real estate investment trust (REIT) said in a presentation posted on the company’s website Monday morning.
“Brookdale is an important tenant, and Ventas is, and expects to continue to be, in regular discussion with Brookdale on a variety of subjects,” the presentation reads. “However, Ventas is not currently in talks to buy Brookdale as reported in the press.”
The presentation was posted prior to Ventas’ scheduled appearance at the Citi 2017 Global Property in Hollywood, Florida, on March 7, 2017.
Several buyers have been floated as potential buyers of Brookdale, which has faced operational challenges and a major refocus recently.
Following reports that private equity firm Blackstone Group was no longer interested in acquiring Brookdale, Ventas was rumored as the next potential buyer, according to The Wall Street Journal.
Brookdale’s stock took a hit in morning trading Monday, falling nearly 6% following the publication of Ventas’ presentation.
Written by Amy Baxter
The post Ventas Denies Being in Buyout Talks with Brookdale appeared first on Senior Housing News.
This post first appeared on Business Insight And Information - Senior Housing News, please read the originial post: here