MedEquities Realty Trust : Prices Initial Public Offering

Jeff Walraven Tripp Sullivan

EVP & Chief Financial Officer SCR Partners

(615) 627-­‐4712 (615) 760-­‐1104

TSullivan@scr-­‐ir.com

The net proceeds to the Company from the offering are expected to be approximately $210.2 million after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company, prior to any exercise of the underwriters' over-­‐allotment option. The Company intends to use the net proceeds from the offering to redeem the Company's outstanding preferred stock, to repay amounts under its secured credit facility and for general corporate purposes.

FBR, J.P. Morgan, Citigroup, KeyBanc Capital Markets, Raymond James and RBC Capital Markets are serving as joint book-­‐running managers and JMP Securities, Fifth Third Securities and Capital One Securities are serving as co-­‐managers for the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on September 28, 2016. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from: FBR Capital Markets & Co., Prospectus Department, 1300 North 17th Street, Suite 1400, Arlington, Virginia 22209, (703) 312-­‐9726 or Prospectuses@FBR.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling toll-­‐free at (866) 803-­‐9204; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by calling (800) 831-­‐9146; KeyBanc Capital Markets Inc., Attention: Equity Syndicate, 127 Public Square, 4th Floor, Cleveland, Ohio 44114, or by telephone at (800) 859-­‐1783; Raymond James & Associates, Inc., Attention: Equity Syndicate, 880 Carillon Parkway, St. Petersburg, FL 33716, Telephone: (800) 248-­‐8863 or by email at prospectus@raymondjames.com; and RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281-­‐8098, Attention: Equity Syndicate, by calling (877) 822-­‐ 4089, or by e-­‐mail at equityprospectus@rbccm.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

MedEquities Realty Trust is a self-­‐managed and self-­‐administered real estate investment trust that invests in a diversified mix of healthcare properties and healthcare-­‐related real estate debt investments. The Company's management team has extensive industry experience in acquiring, owning, developing, financing, operating, leasing and monetizing many types of healthcare properties and portfolios. MedEquities' strategy is to become an integral capital partner with high-­‐quality and growth-­‐oriented facility-­‐based providers of healthcare services on a nationwide basis, primarily through net-­‐leased real estate investment.

This press release contains forward-­‐looking statements within the meaning of the U.S. federal securities laws, including statements related to the closing of the offering, the estimated net proceeds from the offering and the Company's expected use of the net proceeds from the offering. Forward-­‐looking statements are subject to known and unknown risks and uncertainties, many of which are beyond the Company's control. These forward-­‐looking statements are based on the Company's current expectation, but they are not guaranteed to occur. You are cautioned to not place undue reliance on forward-­‐looking statements.

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