Welsh Carson to sell Ardent Medical Services for $1.75 bln

Ventas Inc. said Monday it has agreed to buy Ardent Medical Services Inc. for $1.75 billion in cash. The seller is Welsh, Carson, Anderson & Stowe. Nashville-based Ardent is a provider of health care services and a for-profit hospital company. Ardent Health will be entitled to distribute up to $75 million excess cash to its existing shareholders, Ventas said. UBS Investment Bank is serving as financial advisor to Ventas while Barclays advised Welsh Carson.

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