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CareTrust Purchases Six Nursing Facilities for $142M - Orange County Business Journal
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CareTrust Purchases Six Nursing Facilities for $142M - Orange County Business Journal
CareTrust REIT Inc. has acquired six Mid-Atlantic nursing facilities for about $142 million, the San Clemente real estate investor in healthcare facilities announced today. The portfolio includes 532 licensed beds and is operated by a new tenant for CareTrust. Shares in CareTrust were down 1% to $35.96 apiece with an $8 billion market cap. “Supported by a strong balance sheet and three fully operational growth engines, we’re opening the year wit…
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