ARC Healthcare shares will be converted into a 0.1688 shares of Ventas common at the negotiated price of $67.13 each. HCT owners also have the option of accepting $11.33 in cash for their stock.
In a separate deal, Ventas is buying 29 independent living seniors housing communities in Canada from Holiday Retirement for C$980M.
The deals are expected to be immediately accretive to 2015 normalized FFO per share by at least a dime.
HCT +11.7% to $11.11 per share