Ventas Secures Agreements With Kindred & ScionHealth for 23 LTACs

Ventas (VTR) secured an agreement ("2024 Kindred Agreements") with Kindred Healthcare, LLC and its parent company, ScionHealth. This agreement is regarding 23 long-term acute care hospitals ("LTACs") whose lease term is scheduled to mature on April 30, 2025, under the existing master lease between Ventas and Kindred. This move enhances patient care facilities, strengthens the existing master lease and provide upside for Ventas. The company also obtains rights to additional revenue-sharing rent and warrants. ...