Sunday, Jun 26, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Business

Heath Care REIT gains $1.4B from offering

Health Care REIT Inc., a Toledo real estate investment trust, Monday said its offering of nearly 29 million shares produced $1.4 billion in gross proceeds, and the proceeds will help pay for its previously announced $2.4 billion acquisition of real estate assets of Genesis HealthCare Corp.

Its public offerings included $719 million in a type of preferred shares. If the Genesis deal falls through, the Toledo firm said, it will use proceeds from its stock offerings to invest in other health care and senior housing properties as well as to repay debt.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…