Houlihan Lokey Advises Welltower

Houlihan Lokey is pleased to announce that Welltower, Inc. (NYSE:WELL) has completed the sale of three inpatient rehabilitation facilities and seven long-term acute care hospitals to Vibra Heathcare, LLC (Vibra) for approximately $265 million. The transaction closed on August 30, 2019.

Welltower, Inc., an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of healthcare infrastructure. The company invests with leading senior housing operators, post-acute providers, and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall healthcare experience. Welltower, a real estate investment trust (REIT), owns interests in properties concentrated in major, high-growth markets in the United States, Canada, and the United Kingdom, consisting of senior housing, post-acute communities, and outpatient medical properties.

Founded in 2004 and headquartered in Mechanicsburg, Pennsylvania, Vibra is a national provider of post-acute care services with a network of long-term acute care hospitals, inpatient rehabilitation hospitals, and skilled nursing facilities across the United States.

This transaction further strengthens Houlihan Lokey's leadership position in the post-acute care sector. Houlihan Lokey's Healthcare Group is among the largest dedicated healthcare investment banking groups in the country. In 2018, the group closed 36 transactions and was ranked the No. 1 M&A advisor for all U.S. healthcare transactions by Thomson Reuters. Houlihan Lokey's Healthcare Group has closed more than 300 M&A healthcare transactions since inception.

Houlihan Lokey served as financial advisor to Welltower, assisting in initiating, structuring, and negotiating the transaction.