Welltower Offers Care Home Divestitures to Address UK Antitrust Concerns Over 600-Site Deal

MT Newswires Live05-21

Welltower (WELL) has offered to sell several care home properties and transfer operations of certain sites to new operators to address UK antitrust concerns tied to its acquisition of more than 600 care homes, UK's Competition and Markets Authority said Thursday.

The regulator said the deal could reduce competition in 30 local areas across England and Scotland, potentially leading to higher prices or lower service quality for elderly care residents.

To address the concerns, Welltower has offered to sell several care home properties and reallocate operations of certain sites to new operators, the regulator said.

The CMA said it believes the proposed remedies could resolve its competition concerns and plans to consult on the package and potential buyers before making a final decision.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment