IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-61769-1_14.html
   My bibliography  Save this book chapter

Ensign Group: The Spin-Off of CareTrust REIT

In: Financial Analysis of Mergers and Acquisitions

Author

Listed:
  • Eli Amir

    (Tel Aviv University)

  • Marco Ghitti

    (SKEMA Business School)

Abstract

A spin-off is basically a dividend-in-kind whereby a company distributes shares in a subsidiary to its shareholders on a pro-rata basis. The purpose of this case is to explain the reasons why companies spin-off parts of their operations. We also explain and demonstrate the accounting treatment of a spin-off transaction highlighting the differences between US GAAP and IFRS. We use the interesting case of Ensign where the spun-off entity is a Real Estate Investment Trust (REIT). The transactions unlocked value for the existing shareholders and created an attractive investment in a REIT for new and existing investors.

Suggested Citation

  • Eli Amir & Marco Ghitti, 2020. "Ensign Group: The Spin-Off of CareTrust REIT," Springer Books, in: Financial Analysis of Mergers and Acquisitions, chapter 0, pages 239-254, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-61769-1_14
    DOI: 10.1007/978-3-030-61769-1_14
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-030-61769-1_14. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.