Healthcare Realty Trust Proposed Merger With Healthcare Trust of America

American Healthcare REIT Acquires Remaining 24% Stake in Trilogy REIT Holdings

September 24, 2024

Real Estate

American Healthcare REIT, Inc. (AHR) exercised its purchase option and acquired the remaining 24% minority membership interest in Trilogy REIT Holdings, LLC for approximately $258 million, becoming the sole owner of Trilogy REIT Holdings and its Integrated Senior Health Campuses (ISHC). The acquisition was funded with net proceeds from a concurrent equity offering, with remaining proceeds used to repay roughly $194 million of outstanding credit facility debt.

Real Assets IM Acquires Health Transportation Group (HTG)

May 18, 2021

Healthcare Services

Real Assets Investment Management has agreed to acquire 100% of Health Transportation Group (HTG) from ProA Capital and Investindustrial, subject to regulatory approvals. HTG is the leading healthcare transportation provider in Spain (and second largest in Europe), operating ~2,800 ambulances and c.7,000 employees across Spain, Portugal and the United Kingdom; Real Assets IM plans to support international growth and further investment in technology and equipment.

Blackstone Real Estate Income Trust to Acquire Home Partners of America

June 22, 2021

Real Estate

Blackstone Real Estate Income Trust, Inc. (BREIT) entered into a definitive agreement to acquire Home Partners of America (HPA) in a deal valuing HPA at $6.0 billion. The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions and approvals, as BREIT looks to expand HPA’s resident-led lease purchase/choice model across the United States.

RMR Mortgage Trust Merges with Tremont Mortgage Trust to Form Seven Hills Realty Trust

September 30, 2021

Financial Services

RMR Mortgage Trust completed its merger with Tremont Mortgage Trust; the combined company has been renamed Seven Hills Realty Trust and will begin trading on Nasdaq under the ticker SEVN on October 1, 2021. The merged REIT (managed by Tremont Realty Capital) expects to expand its portfolio to nearly $1 billion when fully invested, enhancing scale, diversification and access to capital markets while continuing to focus on middle-market commercial mortgage lending.

Prime Healthcare Acquires Nine Hospitals and Two Medical Office Buildings from Medical Properties Trust

September 12, 2022

Healthcare Services

Prime Healthcare Services, Inc. completed the repurchase of nine general acute care hospitals and two related medical office buildings from Medical Properties Trust, Inc. for approximately $360 million, giving Prime ownership of both operations and real estate for the majority of its hospitals. The transaction closed on or about September 1, 2022.

Aya Healthcare to Acquire Cross Country Healthcare for About $615 Million

December 6, 2024

Healthcare Services

Aya Healthcare has entered into a definitive agreement to acquire Cross Country Healthcare in an all-cash transaction valued at about $615 million (at $18.61 per share). The companies say the combination will provide complementary, tech-enabled workforce solutions across the continuum of care, and Aya expects Cross Country to remain in Boca Raton as a private company.