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HCN and Revera to Acquire Regal Lifestyle Communities Through Joint Venture

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TOLEDO, Ohio & TORONTO--(BUSINESS WIRE)--Health Care REIT, Inc. (“HCN”) (NYSE:HCN) and Revera, Inc. (“Revera”) today announced that they have entered into a definitive agreement to acquire Regal Lifestyle Communities Inc. ("Regal") (TSX:RLC) through an existing 75/25 joint venture (JV) for CAD$12.00 per share in cash, or a total enterprise value of approximately CAD$766 million, or US$623 million. The initial cash yield is anticipated to be 6.1% and anticipated to be immediately accretive to FF

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