Health Care REIT, Inc. Announces Proposed Offering of 7,000,000 Shares of Common Stock

Health Care REIT, Inc. HCN announced that it intends to offer, subject to market and other conditions, 7,000,000 shares of its common stock. Health Care REIT intends to grant the underwriters a 30-day option to purchase up to an additional 1,050,000 shares to cover over-allotments, if any. The shares of common stock will be registered under Health Care REIT's existing shelf registration statement on file with the Securities and Exchange Commission. The company intends to use the net proceeds from this offering for general corporate purposes, including investing in health care and senior housing properties and repaying borrowings under its unsecured line of credit and other outstanding indebtedness.