Health Care REIT Inc., of Toledo said yesterday it intends to offer 5 million new shares of stock for sale, with the proceeds to be used to buy more senior-housing and health-care properties as well as to repay debt.
Marketers will be allowed to purchase an additional 750,000 shares, the firm said. The company s stock, traded as HCN on the New York Stock Exchange, closed yesterday at $45.07 a share.
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