NorthStar Healthcare Income Inc. has announced a proposed acquisition by an affiliate of Welltower, Inc., with a special meeting scheduled for June 4, 2025, where stockholders will vote on the merger. The acquisition offer from Welltower stands at $3.03 per share, valuing NorthStar Healthcare at approximately $563 million in equity and $935 million in gross asset value. This proposal, initially indicated on November 15, 2024, is not subject to a financing condition. The process involved confidentiality agreements with multiple parties, though no third-party acquisition proposals were submitted during the "go-shop" period. Discussions regarding potential post-closing employment for NorthStar Healthcare's management have occurred, but no agreements have been reached.
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