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Ltc Acquires Four-Property Portfolio For $52 Million

Apr 04, 2022•over 3 years ago

Acquiring Company

LTC Properties

Acquired Company

Four-Property Portfolio

Westlake VillageFinancial ServicesHealth Care

Description

LTC Properties, Inc. (NYSE: LTC), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced the acquisition of four LuxeRehab centers for approximately $52 million.

Company Information

Company

LTC Properties

Location

Westlake Village, California, United States

About

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC owns or holds first mortgages on 177 properties in 27 states with 32 operating partners. Based on LTC’s gross real estate investments, the portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties. Learn more at www.LTCreit.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed