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S&P: Ventas unaffected
Standard & Poor's said that its positive outlook on Ventas Inc. (BB+) is currently not affected by the company's agreement to acquire Sunrise Senior Living REIT for $1.8 billion, including the assumption of $700 million of debt, which represents a full price based on the 35.7% premium over the stock price at the close of Jan. 12.
The high quality of the facilities in Sunrise REIT's portfolio is mitigated by the leveraged nature of the acquisition, the agency said.
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