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PHILADELPHIA-Louisville, KY-based Ventas, Inc. has agreed to invest $120 millionwith Camp Hill, PA-based Trans Healthcare Inc. The agreement consists of a combination of funding that provide THI with capital to expand.

Included is a sale/leaseback transaction; an investment-grade collateralized mortgage-backed security first-mortgage loan and a mezzanine loan. Details of each component of the deal were not disclosed.

The investment covers 27 facilities, including 20 in Ohio. Among them are 22 skilled nursing properties, one rehabilitation hospital, and four assisted-living properties.

The transaction is expected to close in the fourth quarter. It is subject to numerous conditions, including due diligence, according to a statement from Ventas.

Ohio and Maryland are “two markets which Ventas has targeted for investment,” president and chief executive officer Debra A. Cafaro says in a statement.

Ventas’ current properties include 43 hospitals, 215 nursing homes and eight personal care facilities in 36 states.

Trans Healthcare operates 75 facilities with 8,580 beds in 10 states, primarily in Ohio, Maryland and Pennsylvania. Among its properties are nine specialty hospitals, three of which are under development.

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