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BRIEF-Ventas reaffirms expected sale of 36 skilled nursing facilities for $700 mln
July 1, 2017 / 1:09 AM / 2 months ago

BRIEF-Ventas reaffirms expected sale of 36 skilled nursing facilities for $700 mln

June 30 (Reuters) - Ventas Inc

* Ventas reaffirms expected sale of 36 skilled nursing facilities for $700 million to facilitate kindred healthcare’s exit from its skilled nursing segment

* Ventas skilled nursing portfolio will represent only one percent of net operating income upon sale

* Kindred expects closings of sale of Ventas SNFs to occur in phases, beginning in Q3 of 2017 and completed by year end 2017 Source text for Eikon: Further company coverage:

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