SAN DIEGO and NEW YORK, June 2,
2014 /PRNewswire/ -- Shareholder rights attorneys at Robbins
Arroyo LLP are investigating the proposed acquisition of American
Realty Capital Healthcare Trust, Inc. (NASDAQ: HCT) by Ventas, Inc.
(NYSE: VTR). On June 2, 2014,
the two companies announced the signing of a definitive merger
agreement pursuant to which American Realty shareholders will
receive $11.33 in cash for each share
of common stock owned.
Is the Proposed Acquisition Best for American Realty and
Its Shareholders?
Robbins Arroyo LLP's investigation focuses on whether the board
of directors at American Realty is undertaking a fair process to
obtain maximum value and adequately compensate American Realty
shareholders.
On May 13, 2014, American Realty
released its financial results for the first quarter 2014,
reporting substantial increases in revenues, funds from operations
(FFO), and adjusted funds from operations (AFFO). Specifically,
American Realty reported a 199% increase in revenue, from
$18.7 million in the first quarter of
2013 to $56 million in the first
quarter of 2014 as well as a 173% increase in FFO between the first
quarters of 2013 and 2014, from $8
million to $21.8 million. AFFO
also increased 159% over the first quarters of 2013 and 2014, from
$9.6 million to $24.9 million.
Commenting on the first quarter results, Thomas D'Arcy, American Realty's Chief Executive
Officer stated, "We are off to a tremendous start for the year. Our
year-to-date investing activities have enabled us to fully deploy
all of the capital we raised prior to our recent public listing.
With our current investment pipeline, and a balance sheet to
support our growth, we are right on track to reach our stated goal
of acquiring $400 to $600 million
during the balance of 2014."
In light of these facts, Robbins Arroyo LLP is examining
American Realty's board of directors' decision to sell the company
now rather than allow shareholders to continue to participate in
the company's continued success and future growth prospects.
American Realty shareholders have the option to file a class
action lawsuit to ensure the board of directors obtains the best
possible price for shareholders and the disclosure of material
information. American Realty shareholders interested in
information about their rights and potential remedies can contact
attorney Darnell R. Donahue at (800)
350-6003, ddonahue@robbinsarroyo.com, or via the shareholder
information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in
securities litigation and shareholder rights law. The law
firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits, and
has helped its clients realize more than $1
billion of value for themselves and the companies in which
they have invested.
Attorney Advertising. Past results do not guarantee a
similar outcome.
Contact:
Darnell R. Donahue
Robbins Arroyo LLP
ddonahue@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
Logo -
http://photos.prnewswire.com/prnh/20130103/MM36754LOGO
SOURCE Robbins Arroyo LLP