AcquisitionOct 2, 2026Pending
🇬🇧 United Kingdom
4N45 new care homesCRCareTrust REIT, Inc.
Healthcare › Healthcare Services
Enterprise value$1.46BEnterprise value · Converted
AnnouncedOct 2, 2026
ConsiderationCash
StructureNot stated
RegionEurope
Cross-borderYes
Contingent paymentNo
Overview
CareTrust REIT, Inc. agreed to acquire 45 new UK care homes from LNT Care Developments Holdings Limited for approximately £1.1 billion, structured as 24 completed homes for approximately £576 million and 21 homes under development for approximately £504 million. The purchase price is payable in cash, funded from forward equity settlement proceeds and a revolving credit facility draw.
Deal rationale
The transaction is intended to build a significant senior housing operating portfolio platform across the UK and provide guaranteed rental income during the lease-up phase.
AI-generated from the SEC filingPendingHealthcare › Healthcare ServicesUnited KingdomEurope
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $1.46B | Headline figure |
| Original currency | Enterprise £1.1B | Converted |
| Exchange rate | 1 GBP = $1.3234 | Oct 2, 2026 |
| Consideration | Cash |
Advisors
Buy-side
JPJ.P. Morgan
Sell-side
LLazard
Parties
Target
4N45 new care homes
- Headquarters
- United Kingdom
- Ticker
- —
Acquirer
CRCareTrust REIT, Inc.
- Headquarters
- United States
- Ticker
- —
Seller
LCLNT Care Developments Holdings Limited
- Headquarters
- —
- Ticker
- —