Senior Housing News September 24, 2024
American Healthcare REIT (NYSE: AHR) on Tuesday announced it has exercised a purchase option to acquire the remaining 24% ownership stake of Trilogy Health Services.
Trilogy acquired the minority stake from its joint-venture partner, an affiliate of NorthStar Healthcare Income. The amount that changed hands with the transaction was $258 million, according to a press release.
“We are excited to have completed the acquisition of our joint venture partner’s 24% minority membership interest in Trilogy Holdings,” Danny Prosky, American Healthcare REIT’s president and CEO, said in a press release. “Additionally, we paid down existing outstanding indebtedness on our lines of credit with the remaining net proceeds from our recent common stock offering, which we believe will...
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