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                      SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C. 20549

                                   FORM 8-K
 
                                CURRENT REPORT

                    Pursuant to Section 13 or 15(d) of the
                       Securities Exchange Act of 1934

              Date of Report (Date of Earliest Event Reported):
                                March 25, 1998

                            HEALTH CARE REIT, INC.
            (Exact name of registrant as specified in its charter)


        Delaware                    1-8923             34-1096634
(State or other jurisdiction      (Commission         (IRS Employer
   of incorporation)              File Number)      Identification No.)

One SeaGate, Suite 1500, P.O. Box 1475, Toledo, Ohio         43603-1475
(Address of principal executive offices)                     (Zip Code)

      (Registrant's telephone number, including area code): 419-247-2800
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ITEM 5.  OTHER EVENTS.

     In connection with the Company's Registration Statement on Form S-3 (File
333-43177), declared effective January 7, 1998, the Company has entered into an
Underwriting Agreement with EVEREN Securities, Inc. for an offering of
913,242 shares of Common Stock, $1.00 par value per share, of the Company. 

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

        (a) Financial Statements of Business Acquired.

               None.

        (b) Pro Forma Financial Information.

               None.

        (c) Exhibits.

               1.1    Form of Underwriting Agreement
                          
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                                  SIGNATURE


    Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this Report to be signed on its behalf
by the undersigned thereunto duly authorized.

                                       HEALTH CARE REIT, INC.

                                  By: /s/ GEORGE L. CHAPMAN
                                     ---------------------------
                                          George L. Chapman

                                  Its: Chairman of the Board, Chief
                                       Executive Officer and President

Dated: March 25, 1998




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                                EXHIBIT INDEX


                                 Designation
                                 Number Under




                     Item 601 of
Exhibit No.         Regulation S-K         Description         
- -----------         --------------         -----------      
    1.1                    1          Form of Underwriting 
                                        Agreement