Nationwide Health Sees Net Income Rise

Nationwide Health Properties Inc., the Newport Beach real estate investment trust that invests in health-care facilities, reported second-quarter net income of $14.9 million, or 36 cents a share, 15% higher than the $13 million, or 33 cents a share, posted for the 1996 second quarter.

Revenue rose 17%, to $27.2 million from $23.3 million. For the six months, net income increased 16% from the year-earlier period, to $29.7 million, or 71 cents a share, from $25.6 million, or 66 cents a share. Revenue was up 16%, to $53.5 million from $46.2 million.