Nationwide Health Makes Deal Worth Up to $1.8 Billion

Skadden is representing Nationwide Health Properties, Inc. in a multi-year transaction valued at approximately $1.8 billion with Pacific Medical Buildings LLC, including the acquisition of a portfolio of medical office buildings, a 50 percent interest in a full-service property management company, and an opportunity to purchase new medical office buildings developed by Pacific Medical Buildings in the future. NHP is a REIT that invests in senior housing facilities, long-term care facilities and medical office buildings.