HTA - Healthcare Realty Trust to combine with Healthcare Trust of America in $18B deal

Healthcare Realty Trust (NYSE:HR) and Healthcare Trust of America have agreed to a $18B deal that brings together two of the largest owners of medical office buildings (MOB), making the combined company the largest pure-play MOB REIT, with almost double the square footage of the next largest MOB portfolio. The deal is expected to add to Healthcare Realty's (HR) per-share results assuming full realization of synergies. Healthcare Trust of America (NYSE:HTA) shareholders will get a total implied value of $35.08 per share, comprised of a special cash dividend of $4.82 per share and a transaction exchange ratio of 1-to-1 based on Healthcare Realty Trust's (HR) unaffected price of $30.26 on Feb. 24, 2022. Healthcare Realty Trust (HR) shares are falling 8.2% in premarket trading, down to $26.95, and Healthcare Trust of America (HTA) shares are sliding 3.41%. The combined company will have a pro forma equity market capitalization of ~$11.6B and

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Healthcare Realty Trust to combine with Healthcare Trust of America in $18B deal