National Health Investors Makes $26.3 Million Skilled Nursing Acquisition

| April 18, 2013

National Health Investors, Inc. (NYSE: NHI) announced today that it will acquire a total of 254 skilled nursing beds in two Texas facilities for $26.3 million. 

The facilities, each less than two years old, are located in Canton and Corinth, Texas. 

“These two newly-constructed, strong-performing assets are a great fit for NHI’s diversified portfolio,” said Justin Hutchens, NHI’s CEO and president. 

Funding for the acquisition came from borrowings on NHI’s revolving credit facility, said the REIT. 

The company’s investments include independent living, assisted living, senior living campuses, skilled nursing facilities, medical office buildings and hospitals. 

Written by Jason Oliva


Companies:

Category: Acquisitions, REIT, Skilled Nursing

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