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deutsche bank raises welltower price target to 165 from 150
Deutsche Bank has raised its price target for Welltower Inc. to $165 from $150. Welltower, a real estate investment trust, focuses on health care infrastructure, investing in seniors housing and post-acute care properties across the U.S., Canada, and the U.K. Its portfolio includes various types of senior living facilities and outpatient medical properties.
Starboard Activist Investor Seeks Strategic Direction for Healthcare Realty Trust
Starboard Value has acquired a 5.90% stake in Healthcare Realty Trust, which is at a critical juncture following the departure of its long-time CEO. The company faces two potential paths: searching for a new CEO to enhance operational efficiency or considering a sale, with interest from strategic buyers like Welltower. Starboard's involvement could be pivotal in either scenario, leveraging its expertise in corporate governance and operational improvement.
hospital mergers and acquisitions face increasing cancellations and terminations
Trinity Health Mid-Atlantic abandoned its plan to acquire Tower Health's Chestnut Hill Hospital in January 2022, part of a broader trend where over 29 hospital mergers, acquisitions, and partnerships were called off in recent years. Notable cancellations include Community Health Systems' $120 million sale of Commonwealth Health and Novant Health's $320 million acquisition of two hospitals, both facing regulatory hurdles. Other significant deals, such as the merger between Presbyterian Healthcare Services and UnityPoint Health, were also terminated after extensive negotiations.
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