Friday, August 28, 2015
Current Weather
Loading Current Weather....
Published: Tuesday, 4/5/2011

Genesis deal completed by Health Care REIT


Health Care REIT Inc. announced on Monday it has completed its $2.4 billion acquisition of the real-estate assets of Genesis HealthCare, and the Toledo real estate investment trust upped its annual earnings guidance.

The Genesis deal includes 147 health-care facilities in 11 northeast and Mid-Atlantic states.

The deal and other recent transactions led the company to increase by 7 cents a share its forecast of 2011 funds from operations — to a range of $3.32 to $3.42 a share.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories