CareTrust takes ‘prudent approach’ over potential LNT deal

CareTrust REIT’s £1.1bn agreement with LNT Care Developments to acquire 45 new homes could pave the way for a full acquisition of the development company by the investor. Responding to a question during a Q3 investor conference call on Friday (6 November), Dave Sedgwick, CareTrust chief executive officer, said it had spent more than six…