Omega Healthcare to buy Aviv REIT in $3 billion deal-Reuters

(Reuters) – Omega Healthcare Investors Inc (OHI.N) said it would buy Aviv REIT Inc (AVIV.N) in a stock deal valued at $3 billion.

Aviv shareholders will receive 0.90 Omega shares for each share held.

Maryland-based Omega is a real estate investment trust (REIT) investing in and providing financing to the long-term care industry.

Chicago-based Aviv owns post-acute and long-term care skilled nursing facilities and other healthcare properties.