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Under the terms of the merger agreement, NorthStar Healthcare's stockholders will receive US$3.03 per share in cash. This per share consideration exceeds the net asset value per share of US$2.96 determined by NorthStar Healthcare's board of directors as of 30 June 2024. The proposed acquisition of NorthStar Healthcare by an affiliate of Welltower, which has been unanimously approved by NorthStar Healthcare's board of directors, is expected to close in the first half of 2025.
Welltower is an S&P 500 company headquartered in Toledo, Ohio, that is driving the transformation of health care infrastructure. NorthStar Healthcare owns a diversified portfolio of seniors housing properties located throughout the U.S.
More information on the transaction can be found here.
Our deal team was led by partner and C&F Deputy Regional Lead – Americas Stacey McEvoy (M&A, Washington, D.C) and Head of the firm’s U.S. Tax practice Josh Scala (Tax, Pensions & Benefits, San Francisco). Key deal support was provided by partner Lauren Clarke (Tax, Pensions & Benefits, Denver), senior associates Ali Morris (M&A, Washington, D.C.) and Billy Clinton (Tax, Pensions & Benefits, Washington, D.C.), and associates Peter Lattanzio (M&A, Washington, D.C.), Winston Surrey and Alyssa Wallace (both general Corporate & Finance, Washington, D.C.)