CHICAGO, March 27, 2015 /PRNewswire/ -- Aviv REIT,
Inc. ("Aviv") (NYSE: AVIV) announced today that at its special
meeting held earlier today, its stockholders voted to approve its
previously announced merger with and into a wholly owned subsidiary
of Omega Healthcare Investors, Inc. ("Omega") (NYSE:
OHI). Aviv has been advised that, at a separate special
meeting held earlier today, Omega stockholders also voted to
approve the issuance of shares of Omega common stock to Aviv
stockholders in connection with the merger and the proposal to
amend Omega's charter to increase the number of shares of Omega
common stock authorized for issuance.
The transaction is expected to close on or about April 1, 2015, subject to satisfaction of all
remaining closing conditions. Assuming completion of the
merger, Aviv stockholders will receive a fixed exchange ratio of
0.90 Omega shares for each share of Aviv common stock they own.
About Aviv
Aviv REIT, Inc., based in Chicago, is a real estate investment trust
that specializes in owning post-acute and long-term care SNFs and
other healthcare properties. Aviv is one of the largest owners of
SNFs in the United States and has
been in the business for over 30 years. Aviv currently owns 357
properties that are triple-net leased to 37 operators in 31
states.
For more information about Aviv, please visit our website at
www.avivreit.com or contact: Craig M.
Bernfield, Chairman & Chief Executive Officer at
312-855-0930.
Forward-Looking Statements
The information presented herein includes forward-looking
statements. Statements regarding future events and developments are
forward-looking statements. Actual results may differ materially
from those reflected in such forward-looking statements as a result
of a variety of factors, including, among other things: (i) the
ability of the parties to close the proposed transaction; (ii)
risks relating to the integration of Aviv's operations and
employees into Omega and the possibility that the anticipated
synergies and other benefits of the proposed acquisition will not
be realized or will not be realized within the expected timeframe;
(iii) the outcome of any legal proceedings related to the proposed
transaction; and (iv) other factors identified in Aviv's and
Omega's filings with the SEC. Except as required by law, we do not
undertake any responsibility to release publicly any revisions to
these forward-looking statements to take into account events or
circumstances that occur after the date as of which such statements
are made or to update you on the occurrence of any unanticipated
events which may cause actual results to differ from those
expressed or implied by the forward-looking statements contained
herein.
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visit:http://www.prnewswire.com/news-releases/aviv-stockholders-approve-acquisition-by-omega-healthcare-investors-inc-300057125.html
SOURCE Aviv REIT, Inc.; Omega Healthcare Investors, Inc.
