Shareholders Will Discount Bvlgari

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Health Care REIT Inc. also announced Monday that it bought nearly Discount Bvlgari properties from rehabilitation facility and nursing home operator Genesis HealthCare Corp. for $2.4 billion. In October, Ventas snapped up the real estate assets of Atria Senior Living Group for $1.5 billion in stock. Discount Cartier in December, HCP Inc. said it would pay $6.1 billion for the 338 properties owned by nursing home behemoth HCR ManorCare.

At least 46 nursing home companies have been bought out in the last five years, to the tune of $20 billion, according to research firm Dealogic.

"There's an awful lot of health care real estate that could potentially be sold," said Jerry Doctrow, a research analyst with Stifel Nicolaus. "Discount Chopard properties tend to be slow and steady performers that held up better and are more attractive in a recession than commercial real estate."

As part of Monday's deal, Ventas shareholders will retain 65 percent ownership of the new company, Discount ChronoSwiss Nationwide shareholders will get 35 percent.