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Mergers, Acquisitions and Takeovers
Omega Healthcare strikes $3 billion stock deal for Chicago trust Aviv
Omega Healthcare strikes $3 billion stock deal for Chicago trust Aviv

Omega Healthcare Investors Inc. could become a $10 billion company under a deal the Hunt Valley-based owner of skilled nursing and assisted-living facilities announced Friday to acquire Chicago-based Aviv REIT Inc. The companies struck a stock-for-stock deal that values Aviv at $3 billion and would increase Omega's footprint by half, to 874 facilities in 41 states. Leaders of both companies said the deal would cut costs and allow them to command the market for the health facilities, which are growing in prominence as the U.S. health care system shifts away from hospital care. The deal is the latest this year in the U.S. health real estate industry as facilities and their owners...

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