Spinoff of Lovelace hospital operations both a legal and business move

Ventas Inc. (NYSE: VTR) agreed to acquire Lovelace Health System’s parent company, Ardent Health Services, last week. The move to separate hospital operations from the owned real estate property is both a business move and a legal one. According to Kevin Gwin, vice president of patient experience and communications for Ardent Health Services, the spin-off is in compliance with legal regulations regarding real estate investment trusts.

“There’s going to be a property and an operations company —…