Deals
CareTrust Commits £1.1 Billion to 45 New U.K. Care Homes, With 24 Closing First for £576 Million
The forward-purchase agreement with LNT Care Developments staggers closings into 2027 and anticipates a conversion to a managed structure by the fourth quarter of that year.
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By Anna Ferreira
Oct 3, 2026 · 2 min read
CareTrust REIT said at 4:00 a.m. Eastern on Oct. 2 that it has entered a strategic pipeline agreement with LNT Care Developments to acquire 45 newly built care homes in the United Kingdom for £1.1 billion, or roughly $1.46 billion at the conversion cited in the release.
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Anna Ferreira
Senior Correspondent, Corporate Strategy
Anna Ferreira writes for Corporate Insider Inc.