Health Care REIT, Inc. Announces Pricing of 8,000,000 Shares at $45.75

Health Care REIT, Inc. HCN today announced earlier today the pricing of its underwritten public offering of 8,000,000 shares of common stock at $45.75 per share. The offering was increased in size from 7,000,000 shares in response to investor demand. The company has granted the underwriters an option to purchase up to an additional 1,200,000 shares during the next 30 days to cover over-allotments, if any. The company estimates that the gross proceeds from this offering will be approximately $366.0 million. 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.