At least 46 nursing home companies have been bought out in the last five years, to the tune of Cowboy Boot Charm, according to research firm Dealogic. "There's an awful lot of health care real estate that could potentially be sold," said Jerry Doctrow, a research analyst with hot Pink Heart Charm. "These properties tend to be slow and steady performers that held up better and are more attractive in a recession than commercial real estate." As part of Monday's deal, Ventas shareholders will retain 65 percent ownership of the new company, while Nationwide shareholders will get 35 percent. Those shareholders will receive Sweetie Bracelet Medium of a Ventas share for each Nationwide share; based on Friday's closing prices, that would be worth $44.99 a share, a premium of 15.5 percent over Nationwide's price of Sweetie Bracelet a share. Both companies' stocks have climbed steadily throughout the past year. Ventas' shares ended Monday down 3 percent, at $55.42, after slipping as much as 5 percent during morning trading. Nationwide jumped as high as 13 percent before closing up 10 percent, at $42.74. While health facilities across the country are bracing for cuts in spending by state Medicaid programs for the poor, the combined company may be able to weather the cutbacks better. That's because private pay sources will account for 70 percent of the combined company's net operating income, Ventas said.
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