Healthpeak, Physicians Realty to merge in $2.64 bln stock deal (updated)

Physicians Realty Trust

30/10/2023 11:17

(Adds details in paragraphs 2,3,4)
       Oct 30 (Reuters) - 
    Healthpeak Properties  PEAK.N  and Physicians Realty Trust
 DOC.N  have agreed to combine in a $2.64 billion all-stock
deal, the companies said on Monday. 
        The new entity will operate under the Healthpeak
Properties name and is expected to trade under the ticker symbol
"DOC" on the New York Stock Exchange. 
  
    Under terms of the deal, each share of Physicians Realty
Trust will be converted into 0.674 of a newly issued Healthpeak
share.

 (Reporting by Bhanvi Satija in Bengaluru; Editing by Devika
Syamnath)
 ((Bhanvi.Satija@thomsonreuters.com; Outside U.S. +91
9873062788;))