India, Jan. 29 -- NorthStar Healthcare Income Inc. has agreed to be acquired by an affiliate of Welltower Inc (WELL) in an all-cash transaction valued at approximately $900 million.
As per the terms of the merger agreement, NorthStar Healthcare's stockholders will receive $3.03 per share in cash. This per share consideration exceeds the net asset value per share of $2.96 determined by NorthStar Healthcare's board of directors as of June 30, 2024. The deal is expected to close in the first half of 2025.
In a separe press release, Welltower announced the launch of its private funds management business to manage third party capital. The new business will pursue opportunities to invest across the capital structure in the healthcare and wellne...