NorthStar Healthcare Income, Inc.: M&A transaction — NorthStar Healthcare completes sale of Trilogy Investment for net proceeds of ~$252M

NorthStar Healthcare Income, Inc.

Net cash proceeds of ~$252M from sale of Trilogy Investment to American Healthcare REIT.
Company to evaluate use of proceeds for near-term debt maturities and potential special distributions.
Pro forma cash and equivalents rise to $334.7M from $82.2M as of June 30, 2024.
Pro forma gain on sale of $129.7M reduces accumulated deficit to ~$1.474B.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

NorthStar Healthcare Income, Inc. completed a disposition involving American Healthcare REIT, Inc. and its subsidiary for approximately $252 million (closed 2024-09-20).

Action: disposition
Counterparty: American Healthcare REIT, Inc. and its subsidiary
Consideration: approximately $252 million
Closing: 2024-09-20

Exact text from the filing

On September 20, 2024, AHR completed its purchase of the Trilogy Investment in accordance with the Option Agreement, which resulted in net cash proceeds to NorthStar Healthcare of approximately $252 million

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Source: SEC EDGAR

accession 0001503707-24-000036

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