Firm Completes Nursing Home Deal
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NEWPORT BEACH — Nationwide Health Properties Inc., a real estate investment trust that purchases health-care facilities, said Monday that it has completed its acquisition of the 145-bed Orange Park nursing home in Orange for $6.2 million. The facility will be leased to and operated by Integrated Health Services Inc. in Baltimore, which operates Leisure World in Laguna Hills, among other properties. Nationwide Health Properties has a stake in 159 facilities in 28 states. In Monday’s trading on the New York Stock Exchange, the company’s stock fell 25 cents a share to close at $29.
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