Welltower and ProMedica Announce Strategic Transactions to Enhance Partnership News provided by Share this article Share this article TOLEDO, Ohio, March 2, 2021 /PRNewswire/ -- ProMedica and Welltower (NYSE:WELL) today announced two transactions to strengthen and expand their strong existing partnership while maintaining an unwavering focus on patient care and clinical outcomes. The transactions serve to enhance the quality of the Welltower/ProMedica joint venture ("JV") portfolio and position it for continued growth going forward. ProMedica Logo First, the JV will divest a 25 property portfolio of non-strategic skilled nursing facilities for $265 million. The properties, which were acquired through the formation of the Welltower/ProMedica partnership in 2018, are in eight states and have an average age of 41 years.