Healthcare real estate investment trust Ventas Inc. has announced plans to acquire REIT Nationwide Health Properties Inc. in a stock-for-stock transaction valued at $7.4 billion.

NHP shareholders will receive 0.7866 Ventas shares per share of NHP common stock in the deal that will create one of the largest publicly traded REITs. This consideration is the equivalent to $44.99 of Ventas stock for each NHP share, a 15 percent premium to NHP’s closing price on Feb. 25, 2011.

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