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Welltower Announces Holding Company Reorganization Upreit Structure Improves Ability To Acquire Properties In Tax Deferred Structures

Mar 07, 2022•almost 4 years ago

Acquiring Company

Welltower

Acquired Company

Properties

ToledoReal EstateHospitalityHealth Care

Description

Welltower® Inc. (NYSE: WELL) (the "Company") today announced that it intends to implement a holding company reorganization (the "Reorganization") that would structure Welltower as an Umbrella Partnership Real Estate Investment Trust, or UPREIT. In the Reorganization, a new holding company ("New Welltower") will become the publicly traded parent company and will inherit the name "Welltower Inc." The current real estate investment trust ("Old Welltower") will exist as a wholly owned subsidiary of New Welltower initially called "Welltower OP Inc." and, subject to approval of New Welltower's shareholders, convert to a Delaware limited liability company, "Welltower OP LLC" (the "LLC Conversion").

Company Information

Company

Welltower

Location

Toledo, Ohio, United States

About

Welltower Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower, a real estate investment trust, owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. More information is available at www.welltower.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