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Ventas CEO Debra Cafaro Cafaro says the deal adds “a new platform for growth.”

CHICAGO—Healthcare giant Ventas Inc. said Thursday afternoon it had closed on its previously announced acquisition of the Wexford Science & Technology platform from affiliates of the Blackstone Group. First announced in early July, the $1.5-billion all-cash deal originally was slated to close in the fourth quarter.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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