Omega Healthcare Investors Acquires MedEquities Realty Trust
17 Maio 2019 - 10:02AM
Business Wire
Omega Healthcare Investors, Inc. (NYSE: OHI) (“Omega”) and
MedEquities Realty Trust, Inc. (NYSE: MRT) (“MedEquities”) today
announced the completion of Omega’s acquisition of all of the
outstanding shares of MedEquities. The transaction represents an
enterprise value of approximately $600 million for MedEquities and
further diversifies Omega’s assets and operators. Following the
acquisition, Omega will continue to be the premier publicly traded
real estate investment trust (REIT) focused principally on skilled
nursing facilities (SNFs), by adding a diversified portfolio of
investments including 34 properties located in 7 states and
operated by 11 different operators.
Under the terms of the merger agreement, each outstanding share
of MedEquities common stock automatically was converted into the
right to receive 0.235 of a share of Omega common stock plus $2.00
in cash, which represents a value of $10.85 per MedEquities share
based on the $37.67 closing price for Omega common stock on May 16,
2019. Separately, pursuant to the terms of the merger agreement,
MedEquities declared a special cash dividend of $0.21 per share
payable to the holders of record of MedEquities common stock as of
the closing of the transaction, which will be paid together with
the cash consideration from the transaction.
Taylor Pickett, Omega’s Chief Executive Officer stated, “We are
even more excited by this transaction today than when we announced
it a few months ago. We’ve had an opportunity to speak with each of
the operators and we look forward to working with them and
potentially expanding our relationships.” Mr. Pickett continued,
“We are grateful to John, Bill, Jeff and the entire MedEquities
team for their diligence, transparency and professionalism
throughout this process, which has enabled a seamless
transition.”
Forward-Looking Statements
Certain statements in this document constitute “forward-looking
statements” within the meaning of the federal securities laws,
including all statements regarding expected synergies and benefits
from the transaction and other expectations and beliefs regarding
future events. In some cases, you can identify forward-looking
statements by the use of forward-looking terminology including
“anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,”
“intend,” “may,” “could,” “should,” “would,” “will,” “seeks,”
“approximately,” “outlook,” “looking forward” and other similar
expressions or the negative forms of the same. Omega cautions
readers that these and other forward-looking statements are not
guarantees of future results and are subject to risks,
uncertainties and assumptions that could cause actual results to
differ materially from those expressed in any forward-looking
statements. Important risk factors that may cause such a difference
include, but are not limited to, risks and uncertainties related to
i) the ability of Omega to integrate the acquired business
successfully and to achieve anticipated cost savings and other
synergies; ii) the possibility that other anticipated benefits of
the transaction will not be realized, including without limitation,
anticipated revenues, expenses, earnings and other financial
results; iii) litigation relating to the transaction; iv) possible
disruptions from the transaction that could harm the business of
the company; v) the ability of the company operators and borrowers
to maintain the financial strength and liquidity necessary to
satisfy their respective rent and debt obligations; vi) the impact
of healthcare reform and regulation, including cost containment
measures and changes in reimbursement policies, procedures and
rates; and vii) the risk factors described in the most recent
Annual Report on Form 10-K and other filings of Omega with the
Securities and Exchange Commission. Many of these factors are
beyond the control of Omega and its management. The list of factors
presented here should not be considered to be a complete statement
of all potential risks and uncertainties. Unlisted factors may
present significant additional obstacles or impediments to the
realization of forward-looking statements. Omega does not assume
any obligation to provide revisions or updates to any
forward-looking statements, whether as a result of new information,
future developments or otherwise, should circumstances change,
except as otherwise required by securities and other applicable
laws.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190517005271/en/
Matthew Gourmand, SVP, Investor RelationsorBob Stephenson,
CFO(410) 427-1700
Mortons Restaurant (NYSE:MRT)
Gráfico Histórico do Ativo
De Fev 2024 até Mar 2024
Mortons Restaurant (NYSE:MRT)
Gráfico Histórico do Ativo
De Mar 2023 até Mar 2024