Genesis deal completed by Health Care REIT
4/5/2011Health 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.