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Subsequent Events
9 Months Ended
Sep. 30, 2014
Subsequent Events

15. Subsequent Events

On October 1, 2014, the Company acquired one property in Kentucky for a purchase price of $4.6 million from an unrelated third party.

On October 17, 2014, the Company acquired two properties in Texas for a purchase price of $28.5 million from an unrelated third party.

On October 30, 2014, AVIV and the Partnership entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Omega Healthcare Investors, Inc. (“Omega”), OHI Healthcare Properties Holdco, Inc., a wholly-owned subsidiary of Omega (“Merger Sub”), and OHI Healthcare Properties Limited Partnership, L.P., a wholly-owned subsidiary of Omega. The Merger Agreement provides for the merger of AVIV with and into Merger Sub (the “Merger”), with Merger Sub surviving as a wholly-owned subsidiary of Omega. At the effective time of the Merger, and subject to the terms and conditions set forth in the Merger Agreement, each outstanding share of Aviv common stock will be converted into the right to receive 0.90 shares of Omega common stock.