SUBSEQUENT EVENTS	6 Months Ended
Jun. 30, 2014
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS In June 2014, we announced that we had entered into a definitive agreement to acquire 29 independent living communities located in Canada from Holiday Retirement (the “Holiday Canada Acquisition”). The purchase price is currently CAD 957 million in cash. We expect to fund the Holiday Canada Acquisition through borrowings under our new CAD 791 million unsecured term loan that we closed in July 2014 and the assumption of debt. We expect to complete the Holiday Canada Acquisition by September 1, 2014, although we cannot provide any assurances as to whether or when the transaction will be completed. In June 2014, we announced that we had entered into a definitive agreement to acquire HCT in a stock and cash transaction valued at approximately $2.9 billion, or $11.33 per share of HCT common stock, including investments expected to be made by HCT prior to completion of our acquisition, the majority of which have now been completed. We expect to fund the transaction through the issuance of our common stock, valued at $67.13 per share (for aggregate consideration of between $1.8 billion and $2.0 billion), the assumption of debt and cash. Completion of the transaction is subject to the approval of HCT stockholders and customary closing conditions. We expect to complete the HCT transaction in accordance with its terms, although we cannot provide any assurances as to whether or when the transaction will be completed. On July 3, 2014, after the close of business, EY notified us that, in each case, due solely to a determination that EY was not independent of us for the referenced periods: (i) it was withdrawing its audit reports on our financial statements for the fiscal years ended December 31, 2012 and 2013 and its reports on the effectiveness of our internal control over financial reporting as of December 31, 2012 and 2013, and that such reports should no longer be relied upon, and (ii) its quarterly review procedures with respect to our financial statements for the quarterly period ended March 31, 2014 should no longer be relied upon. EY stated that it had concluded it was not independent of us due solely to an inappropriate personal relationship between an EY partner, who, until June 30, 2014, was the EY lead audit partner on our 2014 audit and quarterly review and was previously an audit engagement partner on our 2013 and 2012 audits, and an individual in a financial reporting oversight role at Ventas. EY did not bring any other matters to our attention that would affect our financial statements or internal control over financial reporting, and our Audit Committee and management continue to believe that our financial statements covering the referenced periods present fairly, in all material respects, our financial condition, results of operations and cash flows as of the end of and for the referenced periods and may continue to be relied upon, and that our internal control over financial reporting was effective during these periods. On July 5, 2014, we terminated EY as our registered public accounting firm, effective immediately, due to EY’s determination that it was not independent of us with respect to the above referenced periods, and not for any reason related to our financial reporting or accounting operations, policies or practices. Effective on July 9, 2014, our Audit Committee engaged KPMG LLP (“KPMG”) as our new independent public accounting firm: (i) to perform independent audit services for the fiscal year ending December 31, 2014, (ii) to re-audit our financial statements for the fiscal years ended December 31, 2012 and 2013 and our internal controls over financial reporting for 2013 and (iii) to perform quarterly review procedures for our Quarterly Reports on Form 10-Q filed in 2014. Our unaudited interim financial statements for the quarter ended June 30, 2014 that are presented in this Quarterly Report on Form 10-Q have been prepared in accordance with SEC rules. We expect KPMG to complete its re-audits of our financial statements for the fiscal years ended December 31, 2012 and 2013 and its re-review of our financial statements for the quarter ended March 31, 2014 by the end of the third quarter of 2014, although there can be no assurance as to the timing of such completion.

SUBSEQUENT EVENTS

In June 2014, we announced that we had entered into a definitive agreement to acquire 29 independent living communities located in Canada from Holiday Retirement (the “Holiday Canada Acquisition”). The purchase price is currently CAD 957 million in cash. We expect to fund the Holiday Canada Acquisition through borrowings under our new CAD 791 million unsecured term loan that we closed in July 2014 and the assumption of debt. We expect to complete the Holiday Canada Acquisition by September 1, 2014, although we cannot provide any assurances as to whether or when the transaction will be completed.

In June 2014, we announced that we had entered into a definitive agreement to acquire HCT in a stock and cash transaction valued at approximately $2.9 billion, or $11.33 per share of HCT common stock, including investments expected to be made by HCT prior to completion of our acquisition, the majority of which have now been completed. We expect to fund the transaction through the issuance of our common stock, valued at $67.13 per share (for aggregate consideration of between $1.8 billion and $2.0 billion), the assumption of debt and cash. Completion of the transaction is subject to the approval of HCT stockholders and customary closing conditions. We expect to complete the HCT transaction in accordance with its terms, although we cannot provide any assurances as to whether or when the transaction will be completed.

On July 3, 2014, after the close of business, EY notified us that, in each case, due solely to a determination that EY was not independent of us for the referenced periods: (i) it was withdrawing its audit reports on our financial statements for the fiscal years ended December 31, 2012 and 2013 and its reports on the effectiveness of our internal control over financial reporting as of December 31, 2012 and 2013, and that such reports should no longer be relied upon, and (ii) its quarterly review procedures with respect to our financial statements for the quarterly period ended March 31, 2014 should no longer be relied upon. EY stated that it had concluded it was not independent of us due solely to an inappropriate personal relationship between an EY partner, who, until June 30, 2014, was the EY lead audit partner on our 2014 audit and quarterly review and was previously an audit engagement partner on our 2013 and 2012 audits, and an individual in a financial reporting oversight role at Ventas. EY did not bring any other matters to our attention that would affect our financial statements or internal control over financial reporting, and our Audit Committee and management continue to believe that our financial statements covering the referenced periods present fairly, in all material respects, our financial condition, results of operations and cash flows as of the end of and for the referenced periods and may continue to be relied upon, and that our internal control over financial reporting was effective during these periods.

On July 5, 2014, we terminated EY as our registered public accounting firm, effective immediately, due to EY’s determination that it was not independent of us with respect to the above referenced periods, and not for any reason related to our financial reporting or accounting operations, policies or practices.

Effective on July 9, 2014, our Audit Committee engaged KPMG LLP (“KPMG”) as our new independent public accounting firm: (i) to perform independent audit services for the fiscal year ending December 31, 2014, (ii) to re-audit our financial statements for the fiscal years ended December 31, 2012 and 2013 and our internal controls over financial reporting for 2013 and (iii) to perform quarterly review procedures for our Quarterly Reports on Form 10-Q filed in 2014. Our unaudited interim financial statements for the quarter ended June 30, 2014 that are presented in this Quarterly Report on Form 10-Q have been prepared in accordance with SEC rules. We expect KPMG to complete its re-audits of our financial statements for the fiscal years ended December 31, 2012 and 2013 and its re-review of our financial statements for the quarter ended March 31, 2014 by the end of the third quarter of 2014, although there can be no assurance as to the timing of such completion.