Ventas Stock Price, News & Analysis

Ventas, Inc. (NYSE: VTR) will release its first quarter 2023 earnings after trading closes on May 8, 2023. A conference call to discuss these earnings is scheduled for May 9, 2023, at 10:00 a.m. ET. Investors can join the call by dialing (888) 330-3576 or +1 (646) 960-0672 internationally, using passcode 7655497. A live webcast will be available on www.ventasreit.com.

A telephonic replay will be accessible at (800) 770-2030 for 30 days post-call. Ventas operates a diversified portfolio of over 1,200 properties across the U.S., Canada, and the UK, focusing on healthcare and real estate driven by an aging population.

Ventas, Inc. (NYSE: VTR) announced the pricing terms for its cash tender offers via Ventas Canada Finance Limited, aiming to purchase outstanding notes previously detailed on April 3, 2023. The maximum purchase price increased from Cdn$500 million to Cdn$600 million. The Offers will expire at 5:00 p.m. Toronto time on May 1, 2023. Holders of validly tendered notes by the Early Tender Time will receive accrued interest until the expected Early Settlement Date of April 24, 2023. Due to high demand, all 2.80% Senior Notes, Series E will be accepted, while 4.125% Senior Notes, Series B will face a proration factor of approximately 45.2%.

Ventas, Inc. (NYSE: VTR) has announced early tender results for its cash tender offers, initially disclosed on April 3, 2023. The company has increased the Maximum Aggregate Purchase Price from Cdn$500 million to Cdn$600 million. As of the Early Tender Time, approximately Cdn$718.9 million of notes were validly tendered. Key points include:

• Approximately Cdn$718.9 million in notes validly tendered
• Acceptance of all Priority Level 1 notes, with Level 2 notes prorated
• Eligible tendered notes to receive a Cdn$30 Early Tender Payment
• Deadline for withdrawal was April 19, 2023, with the offers expiring on May 1, 2023

Further details can be found in the Offer to Purchase disclosure.

Ardent Health Services has announced the appointment of two new senior operations leaders and the promotion of three executives. Mike Matthews is the new president of Ardent Physician Services, focusing on medical group operations across eight markets. David Schultz takes on the role of president for Ardent's New Mexico market, overseeing five hospitals and over 30 care sites. Additionally, Lisa Dolan has been promoted to senior vice president and chief nursing officer, enhancing quality and safety for over 7,000 nurses. Reed Smith will now serve as chief consumer officer, while Rebecca Kirkham has been named chief communications officer. The leadership changes aim to bolster patient engagement and advance value-based care networks.

Ventas, Inc. announced the pricing of a private offering in Canada, totaling Cdn$600 million of 5.398% Senior Notes, Series I due 2028. The offering is set to close on April 21, 2023. The Notes will be issued by the Company's wholly-owned subsidiary, Ventas Canada Finance Limited, and are unconditionally guaranteed by Ventas. Proceeds will fund tender offers to purchase existing Senior Notes due in 2024, totaling up to Cdn$500 million, with any remaining funds allocated for working capital. The Notes will mature on April 21, 2028, with interest payable semi-annually.

Ventas (NYSE: VTR) has initiated a private offering in Canada for Cdn$500 million of Senior Notes due 2028. The Notes will be issued by Ventas Canada Finance Limited, targeting accredited investors on a prospectus-exempt basis. Proceeds will fund tender offers for the company's existing Senior Notes, with any remaining funds allocated for general corporate purposes. The offering is contingent upon final pricing and satisfaction of conditions outlined in the purchase offer. These Notes will not be registered under U.S. securities laws and cannot be sold in the U.S. without registration or exemption.

Ventas, Inc. (NYSE: VTR) has initiated cash tender offers to acquire outstanding notes totaling up to Cdn$500 million from its subsidiary, Ventas Canada Finance Limited. The notes include 2.80% Senior Notes, Series E due April 2024 and 4.125% Senior Notes, Series B due September 2024. Valid tenders must be submitted by 5:00 p.m. Toronto time on May 1, 2023, with an early tender option available until April 19, 2023. The Offers are subject to conditions detailed in the Offer to Purchase.

Ventas, Inc. (NYSE: VTR) has announced its intention to take ownership of the collateral supporting its $486 million Santerre Mezzanine Loan, secured by a diverse portfolio of healthcare-related properties. The ownership will be acquired through a 'loan to own' structure, aligning with Ventas's 2023 financial guidance. This Santerre Portfolio includes 88 medical office buildings, 16 senior housing communities, and 48 skilled nursing facilities. The company anticipates completing this process in Q2 2023 while also managing a $1 billion non-recourse senior loan associated with these assets.