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holiday investment property for sale overseas
News and Information Article
NASHVILLE, Tenn., June 13 /-FirstCall/ -- Healthcare Realty
Trust Incorporated (NYSE: HR) announced it has entered into a definitive
purchase agreement to acquire a free-standing orthopaedic hospital and an
adjacent medical office facility in Indianapolis, Indiana for approximately
$65 million. The hospital has 42 licensed beds, 16 anesthesia care unit
rooms and 10 operating suites; and the adjacent medical office facility
contains four operating rooms. The Company will enter into long-term net
leases on the facilities with Indiana Orthopaedic Hospital, LLC and
Orthopaedics- Indianapolis P.C. ("OrthoIndy"). The acquisition is expected
to close shortly and is subject to due diligence and other matters
customary to these types of transactions.
OrthoIndy, based in Indianapolis, Indiana, ranks among the largest
private full-service orthopaedic groups nationwide. OrthoIndy operates 11
outpatient clinical locations and one surgery center, in addition to the
Indiana Orthopaedic Hospital, in a six-county market.
Healthcare Realty Trust is a real estate investment trust that
integrates owning, managing and developing income-producing real estate
properties associated with the delivery of healthcare services throughout
the United States. As of March 31, 2006, the Company had investments of
approximately $2.0 billion in 250 real estate properties and mortgages,
including investments in unconsolidated limited liability companies. The
Companys 236 owned real estate properties are comprised of six facility
types, located in 27 states, totaling approximately 12.7 million square
feet. The Company provides property management services to approximately
7.0 million square feet nationwide.
In addition to the historical information contained within, the matters
discussed in this press release may contain forward-looking statements that
involve risks and uncertainties. These risks are discussed in a 10-K filed
with the SEC by Healthcare Realty Trust for the year ended December 31,
2005. Forward-looking statements represent the Companys judgment as of the
date of this release. The Company disclaims any obligation to update
forward-looking material.
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