Skilled Nursing News November 13, 2024
American Healthcare REIT’s (NYSE: AHR) third financial quarter was defined by executing on several key initiatives that have set up the company for future growth. Moreover, leaders unpacked Medicare Advantage contract negotiations and shared plans for staff training among its operating partners, including Trilogy REIT Holdings.
One such initiative involved Irvine, Calif.-based AHR acquiring its joint venture partner’s remaining 24% minority membership interest in Trilogy REIT Holdings for $258 million of cash, becoming Trilogy’s sole owner during 3Q, American Healthcare REIT CEO Danny Prosky said during the company’s 3Q earnings call on Wednesday.
There was a pre-negotiated “base” purchase price of $247 million and $11 million pro-rata distributions owed to the joint venture partner, AHR reported.
Other initiatives involved the...
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