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Pro Forma Information (unaudited)

12 Months Ended

Dec. 31, 2011

Note 13. Pro Forma Information (unaudited)

During 2011, we purchased 28 senior living communities and 28 MOBs for $991,618, sold four skilled nursing facilities, one assisted living community and two MOBs for $39,460, recording a gain on sale of approximately $21,315 and, pursuant to the terms of our existing leases with Five Star, we purchased $33,269 of improvements made to our properties leased to Five Star. During 2011, we recognized an impairment of assets charge of $1,990 related to four properties. We assumed $217,317 of mortgage debt at a weighted average interest rate of 5.94% and incurred $2,540 of deferred financing fees related to certain of our 2011 acquisitions. In January 2011, we sold $250,000 unsecured senior notes due 2016 at a fixed rate of 4.30% per annum and incurred $1,973 of deferred financing fees related to this debt financing. In June 2011, we refinanced our $550,000 revolving credit facility with a $750,000 revolving credit facility maturing in June 2015 and incurred $6,723 of deferred financing fees related to this refinancing. We recorded a loss on early extinguishment of debt of $427 related to this revolving credit facility refinancing. In December 2011, we sold $300,000 unsecured senior notes due 2021 at a fixed rate of 6.75% per annum and incurred $2,487 of deferred financing fees related to this debt financing.

During 2010, we purchased 26 MOBs for $433,955, sold four skilled nursing facilities for $1,450, recording a gain on sale of approximately $109 and, pursuant to the terms of our existing leases with Five Star, we purchased $31,894 of improvements made to our properties leased to Five Star. During 2010, we recognized an impairment of assets charge of $5,965 related to seven properties. In April 2010, we sold $200,000 unsecured senior notes due 2020 at a fixed rate of 6.75% per annum and incurred $2,907 of deferred financing fees related to this debt financing. In May 2010, we redeemed all $97,500 of our outstanding 7.875% senior notes due 2015 and recorded a loss on early extinguishment of debt of $2,433.

The following table presents our pro forma results of operations as if all of these 2010 and 2011 activities were completed on January 1, 2010. This pro forma data is not necessarily indicative of what actual results of operations would have been for the periods presented, nor does it represent the results of operations for any future period. Differences could result from, but are not limited to, additional property sales or investments, changes in interest rates and changes in our equity or debt structure.

	For the Yea Ended December 31,

	2011		2010
Total revenues	$	589,898	$	586,577
Net income	$	150,575	$	137,198
Per common share data:
Net income	$	0.93	$	0.84

During the year ended December 31, 2011, we recognized revenues of $60,395, operating expenses of $29,604 and interest expense of $2,915, arising from our acquisitions completed in 2011.