DSS subsidiary AMRE acquires three hospitals for $62M; loans $14.7M to fund deal

DSS, INC.

AMRE acquired hospitals in Fort Worth, TX; Plano, TX; and Pittsburgh, PA for $62 million aggregate.
Properties total 195 beds and ~320,000 sq ft; leased to LifeCare Hospitals with 11 years remaining on 18-year lease.
DSS Securities loaned AMRE $0.8M; American Pacific Bancorp loaned $13.9M via convertible note at 8% interest.
Note is due on demand or in 25 months; convertible at $10 per share into AMRE common stock.
CEO cited medical REIT resilience; plans to pursue additional high-quality healthcare asset acquisitions.

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