Health care trust deal valued at $2.6B

Ventas, the nation’s biggest health care real estate investment trust, said on Monday that it had agreed to acquire the American Realty Capital Healthcare Trust for $2.6 billion in stock and cash.

Separately, Ventas also announced it would acquire 29 independent senior living housing communities in Canada from Holiday Retirement for $900 million in cash, according to the New York Times.

“These acquisitions are consistent with our stated strategy to be the leading owner of health care and senior living properties globally, and position Ventas to continue to deliver growth and consistent superior returns to our shareholders,” the chief executive of Ventas, Debra A. Cafaro, said in a statement.

Read more from the New York Times.