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

^{Published on 2010-09-20 13:06:00 - Market Wire}
 

TOLEDO, Ohio--([ BUSINESS WIRE ])--Health Care REIT, Inc. (NYSE: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 REITa™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.

Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC will act as joint book-running managers for this offering.

A copy of the prospectus supplement and accompanying prospectus relating to the offering may be obtained by contacting Deutsche Bank Securities Inc. at 100 Plaza One, Jersey City, New Jersey 07311, Attention: Prospectus Department, by calling toll-free 1-800-503-4611 or email: [ prospectus.cpdg@db.com ], or J.P. Morgan Securities LLC, Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by calling 1-866-803-9204.

This press release is not an offer to sell, nor a solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Health Care REIT. Health Care REIT, Inc., an S&P 500 company with headquarters in Toledo, Ohio, is a real estate investment trust that invests across the full spectrum of senior housing and health care real estate. The company also provides an extensive array of property management and development services. As of June 30, 2010, the companya™s broadly diversified portfolio consisted of 625 properties in 39 states. More information is available on the companya™s website at [ www.hcreit.com ]. The information on our website is not part of our offering.

This document may contain aforward-lookinga statements as defined in the Private Securities Litigation Reform Act of 1995. When the company uses words such as amay,a awill,a aintend,a ashould,a abelieve,a aexpect,a aanticipate,a aproject,a aestimatea or similar expressions, it is making forward-looking statements. Forward-looking statements reflect current plans and expectations and are based on information currently available. They are not guarantees of future performance and involve risks and uncertainties, including those discussed in the preliminary prospectus supplement and related prospectus and in the companya™s other reports filed from time to time with the Securities and Exchange Commission. Completion of the proposed offering is subject to various factors, including, but not limited to, the status of the economy and the status of capital markets. The company assumes no obligation to update or revise any forward-looking statements or to update the reasons why actual results could differ from those projected in any forward-looking statements.