Healthcare Trust, Inc. (NASDAQ: HTIA / HTIBP) has revealed its intention to internalize management and rebrand as National Healthcare Properties, Inc. The company expects the internalization to be completed no later than the fourth quarter of 2024, subject to negotiation and execution of definitive agreements. This move is seen as an important step in the company's evaluation of a potential listing of its common stock on a national securities exchange, possibly as early as 2025.
In anticipation of these changes, Michael Anderson, CEO of Healthcare Trust, Inc., commented that the internalization and potential listing would provide the company with access to additional capital and liquidity for existing stockholders.
As part of the internalization, the company plans to change its name to National Healthcare Properties, Inc. to reflect the anticipated transition.
It is important to note that there is no guarantee that the internalization will close within the expected timeframe or at all, or that Healthcare Trust, Inc. will be able to list its shares of common stock on a national securities exchange. Today the company's shares have moved -0.3% to a price of $14.5. If you want to know more, read the company's complete 8-K report here.
