Care Capital Properties Makes $400 Million Investment To Acquire 6 Behavioral Health Hospitals

On April 11, 2017, Care Capital Properties entered into a definitive agreement in a $400 million deal to acquire six behavioral health hospitals from Signature Healthcare Services LLC. The acquisition is anticipated to finalize sometime in the second quarter of 2017, after which Care Capital Properties will lease the hospitals to affiliates of Signature on a 10-year, triple-net basis, with five renewals of five years each.

The six facilities contain 712 beds and are located in California, Arizona, and Illinois. Services offered by the six hospitals include inpatient psychiatric care for adult, geriatric, children, and adolescents; intensive outpatient . . .