In the second major health care real estate deal announced Monday, Health Care REIT Inc. is buying the assets of rehabilitation facility and nursing home operator Genesis HealthCare for $2.4 billion.

The company said it will buy all of Genesis’ real estate assets, which include 147 post-acute care, rehabilitation, assisted living and long-term care services in 11 states across the Northeast and Mid-Atlantic regions. It will have an option to purchase a 9.9-percent stake in Genesis for $47 million. Genesis of Kennett Square, Pa., will continue to run the facilities.

The assets of JER Partners and Formation Capital LLC. are being purchased by Health Care REIT. The boards of Health Care REIT and Genesis have both approved the deal, with the company expecting the sale to close during the second quarter assuming regulators approve.  Health Care REIT said it plans to sell 25 million shares of stock and $625 million in convertible preferred stock to finance the deal. Underwriters will have an option to buy as much as 3.8 million common shares and $93.8 million in preferred stock to ensure any over allotments are covered of the offering. Health Care REIT has also obtained a commitment for a bridge loan worth as much as $2.4 billion.

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