National Health Investors Inc : NHI to Purchase Texas Facility for $13.4 Million
05/15/2012| 06:05am US/Eastern
National Health Investors, Inc. (NYSE:NHI) announced today it has
exercised an option to purchase and lease a new, stabilized skilled
nursing facility located in Texas for a purchase price of $13.4 million.
The facility opened at the end of 2010 with 125 beds and is operated by
affiliates of Legend Healthcare, LLC ("Legend"). The transaction is
expected to close within the next thirty days and will be funded from
available cash and from borrowings on NHI's revolving credit facility.
Justin Hutchens, NHI's CEO and President, noted, "This acquisition of a
new high quality asset continues the growth and positive diversification
of NHI's portfolio."
About National Health Investors
National Health Investors, Inc. is a healthcare real estate investment
trust that specializes in the financing of healthcare real estate by
purchase and leaseback transactions and by mortgage loans. NHI's
investments involve skilled nursing facilities, assisted living
facilities, independent living facilities, medical office buildings, and
hospitals. The common stock of the company trades on the New York Stock
Exchange with the symbol NHI. Additional information about NHI,
including its most recent press releases, may be obtained on NHI's web
site at www.nhireit.com.
Statements in this press release that are not historical facts are
forward-looking statements. NHI cautions investors that any
forward-looking statements may involve risks and uncertainties and are
not guarantees of future performance. All forward-looking statements
represent NHI's judgment as of the date of this release. Investors
are urged to carefully review and consider the various disclosures made
by NHI in its periodic reports filed with the Securities and Exchange
Commission, including the risk factors and other information disclosed
in NHI's Annual Report on Form 10-K for the most recently ended fiscal
year. Copies of these filings are available at no cost on the SEC's web
site at http://www.sec.gov
or on NHI's web site at http://www.nhireit.com.
National Health Investors, Inc.
Roger R. Hopkins, Chief Accounting
© Business Wire 2012