Investors to Buy Nationwide Shares: Nationwide Health...
From Times Staff and Wire Reports
Investors to Buy Nationwide Shares: Nationwide Health Properties Inc., a Newport Beach-based real estate investment trust that specializes in health-care facilities, said several institutional investors have agreed to buy 2 million newly issued shares of its common stock. The company said the American and European investors have agreed to buy the stock in private transactions for $19.50 a share. Nationwide Health’s stock closed unchanged Friday at $19.50 in New York Stock Exchange trading. Nationwide Health President Bruce Andrews said the company will use the proceeds from the sale to repay a portion of the company’s secured debt and to expand its investment portfolio.
