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National Health Investors Buys Texas Assets

By Eric Volkman - Apr 18, 2013 at 6:51PM

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The company widens its footprint in the Lone Star State.

National Health Investors (NHI 0.63%) has boosted its presence in Texas. The company announced it has acquired a pair of skilled nursing facilities in the state, one located in Canton, and the other in Corinth. The total price of the buy is $26.3 million.

The two facilities are both less than two years old, and combined, have 254 beds. The company quoted its CEO Justin Hutchens as saying that "these two newly constructed, strong-performing assets are a great fit for NHI's diversified portfolio."

The firm said that it funded the acquisition from borrowings under a revolving credit facility.http://www.snl.com/irweblinkx/file.aspx?IID=102983&FID=16752091 

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