M&A
confidence high
sentiment neutral
materiality 0.60
American Healthcare REIT closes $258M purchase of remaining 24% stake in Trilogy Holdings after 20M-share offering
American Healthcare REIT, Inc.
- Closed public offering of 20,010,000 shares on Sep 20, 2024; underwriters' option exercised in full.
- Used portion of net proceeds to acquire the 24% minority interest in Trilogy Holdings from NorthStar for ~$258M.
- Purchase price: $247.0M base plus $11.0M supplemental payment for NorthStar's pro-rata share of budgeted distributions.
- Company now owns 100% of Trilogy Holdings, which operates integrated senior health campuses.