Skilled Nursing News September 24, 2024
American Healthcare REIT (NYSE: AHR) acquired the remaining 24% minority stake in Trilogy REIT Holdings for a total all-cash purchase price of approximately $258 million.
The acquisition included a base purchase price of $247 million and an $11 million pro-rata distribution owed to the former joint venture partner, an affiliate of NorthStar Healthcare Income, AHR said in a press release Tuesday.
American Healthcare funded the purchase using net proceeds from an equity offering. Additionally, the Company utilized part of these proceeds to repay around $194 million in outstanding debt on its lines of credit, strengthening its financial position.
This acquisition not only consolidates American Healthcare’s ownership but also enhances its operational capabilities in the senior health sector.
AHR is...
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