Healthcare Trust Rebrands to National Healthcare Properties

By Bobby Samwell • Monday, September 30 16:10 • Permanent Link

Healthcare Trust, Inc. has just completed its management internalization and is rebranding itself as National Healthcare Properties, Inc. This strategic move is expected to result in annual savings exceeding $25 million in general and administrative (G&A) expenses. As part of this process, the company has also executed a 4-for-1 reverse stock split and engaged BMO Capital Markets Corp. as its financial advisor to assist in the evaluation of a potential public listing of its shares of common stock.

The company's CEO, Michael Anderson, stated that this milestone enhances operational efficiency, aligns governance structure with publicly traded peers, and positions them for future growth. The rebranding aligns with the company's goal to position itself for long-term growth and value creation for its shareholders. National Healthcare Properties, As a result of these announcements, the company's shares have moved -0.2% on the market, and are now trading at a price of $16.67. For more information, read the company's full 8-K submission here.

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