Why American Realty Capital Health Care Trust (HCT) Stock Is Soaring Today

NEW YORK (TheStreet) -- Shares of American Realty Capital Healthcare Trust Inc. (HCT) are higher by 9.75% to $10.92 after Ventas Inc. (VTR) announced it will buy the company in a cash and stock deal priced at $2.6 billion, Reuters reported.

Ventas is one of the largest real estate investment trusts for healthcare facilities in the U.S.

The deal would add 143 properties, including medical offices and senior housing communities to Ventas portfolio, Reuters said.

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The company announced shareholders of ARC Healthcare will be given the option to receive 0.1688 Ventas shares, or $11.33 in cash for each ARC Healthcare share.

 HCT ChartHCT data by YCharts

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