US investor CareTrust REIT Inc. has completed its acquisition of Care REIT plc, marking its entrance into the UK market.

‘We are thrilled to close on the acquisition of Care REIT, marking our first M&A deal, our first international investment, and the single largest transaction in our history. Due to demographics, care demand and a fragmented provider landscape there was opportunity to scale. The Care REIT acquisition brings with it an experienced UK-based team who is hungry to expand our footprint in that market with existing and new operators.’ said Dave Sedgwick, President and Chief Executive Officer of CareTrust.

The total purchase price was $840.5m, of which $595.4m was to acquire Care REIT.

Connell Consulting were pleased to have produced investor commercial due diligence on this acquisitio