Exclusive: ARC Healthcare near $3.7 billion deal for Griffin-American Healthcare

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Exclusive: ARC Healthcare near $3.7 billion deal for Griffin-American Healthcare

By Mike Stone and Soyoung Kim NEW YORK (Reuters) - American Realty Capital Healthcare Trust Inc is in exclusive talks to buy Griffin-American Healthcare REIT II Inc, a deal that could value the healthcare real-estate investment trust at around $3.7 billion, according to people familiar with the matter. American Realty Capital Healthcare Trust - known as ARC Healthcare - is trying to finalize a purchase agreement in the next two weeks with Irvine, California-based Griffin-American, which owns senior housing and nursing facilities, hospitals, medical office buildings and other medicine-related properties in the United States and Britain, the people said. Discussions between the two could still fall apart and Griffin-American could turn to other bidders that remain interested in buying the company, cautioned the people, who asked not to be named because the matter is not public. Spokesmen for Griffin-American and ARC Healthcare declined to comment.

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