American Medical REIT Accelerates Growth with Acquisition of Three Established Acute Care Hospitals in Texas and Pennsylvania

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Nov 04, 2021

BETHESDA, MD / ACCESSWIRE / November 4, 2021 / Alset EHome International Inc. (NASDAQ:AEI) ("AEI" or the "Company"), a diversified holding company principally engaged through its subsidiaries in the development of EHome communities and other property development, financial services, digital transformation technologies, biohealth activities and consumer products, is pleased to announce that American Medical REIT Inc. ("AMRE") has acquired three hospitals (the "Hospitals") located in Fort Worth, Texas, Plano, Texas and Pittsburgh, Pennsylvania. The aggregate purchase price was $62 million. The tenant and operator is LifeCare Hospitals (together with its affiliates, "LifeCare Hospitals") a specialty hospital operator with a focus on long-term acute and critical care.