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Mega $18 billion Healthcare REIT Merger, Creates Largest MOB REIT
Healthcare Realty Trust and Healthcare Trust of America today announced that they have agreed to enter into a strategic business combination.
The $18 billion combination with 724 buildings will create the largest medical office building REIT in the nation.
This transaction brings together two of the largest owners of medical office buildings, creating the preeminent, pure-play medical office building REIT and positions the combined company to create long-term shareholder value.
The Company will have a pro forma equity market capitalization of approximately $11.6 billion and a total enterprise value of $17.6 billion based on the implied values at market close on February 24, 2022.
The newly formed enterprise will be led by the Healthcare Realty management team with Todd Meredith as president and CEO.
