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(NYSE: CTRE) has agreed to acquire 45 new United Kingdom care homes from LNT Care Developments Holdings Limited for approximately £1.1 billion.
The deal, which establishes a path to building a significant senior housing operating portfolio platform in the UK, features staggered closings.
The initial closing took place on October 1, 2026, covering 24 homes built in the last two years for roughly £576 million, or about $764 million before transaction costs.
CareTrust financed this portion using proceeds from settling forward equity agreements and borrowing from its revolving credit facility. The remaining 21 homes are still under development.
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