One Less Healthcare REIT to Track

One Less Healthcare REIT to Track

MedEquities Realty Trust (NYSE: MRT) will be acquired by Omega Healthcare Investors (NYSE: OHI) for nearly $900 million. The deal was announced on January 2, 2019 and is expected to close in the first half of the year. The target is a self-managed and self-administered real estate investment trust (REIT) that invests in healthcare properties within the acute, post-acute, skilled nursing and behavioral health sectors. It owns 34 facilities in seven states with 2,755 beds run by 10 different operators. About 75% of the beds are skilled nursing with some assisted living, and the remainder include LTACs, IRFs, behavioral health facilities and a medical office building. Omega Healthcare... Read More »