Merged Healthcare Realty Trust and Healthcare Trust of America to Be Included in the S&P MidCap 400 Index
19 Juillet 2022 - 11:37PM
Healthcare Realty Trust Incorporated (NYSE: HR) (“Healthcare
Realty” or the “Company”) announced the merged Healthcare Realty
and Healthcare Trust of America, Inc. (NYSE: HTA) (“HTA”) will be
included in the S&P MidCap 400 Index effective prior to the
opening of trading on Thursday, July 21, 2022.
The combination of the Company and HTA is structured as a
reverse merger with HTA being the legal successor. Following the
expected closing of the merger transaction on Wednesday, July 20,
and prior to the opening of trading on Thursday, July 21, HTA will
change its name and ticker symbol to Healthcare Realty Trust
Incorporated (NYSE: HR). The resulting effect is that the
post-merger company will be a constituent of the S&P MidCap 400
Index under the Healthcare Realty name and ticker symbol.
About Healthcare Realty Trust Incorporated
Healthcare Realty Trust Incorporated (NYSE: HR) is a real estate
investment trust that integrates owning, managing, financing and
developing income-producing real estate properties associated
primarily with the delivery of outpatient healthcare services
throughout the United States. As of March 31, 2022, the
Company was invested in 263 real estate properties in 23 states
totaling 17.9 million square feet and had an enterprise value of
approximately $6.1 billion, defined as equity market capitalization
plus the principal amount of debt less cash. The Company provided
leasing and property management services to 14.8 million square
feet nationwide.
Forward-Looking Statements
This communication contains certain “forward-looking” statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended (the “Securities Act”), and Section 21E of the Exchange
Act. The Company intends such forward-looking statements to be
covered by the safe harbor provisions for forward-looking
statements contained in the Private Securities Litigation Reform
Act of 1995 and includes: this statement for purposes of complying
with the safe harbor provisions. Words such as “expects,”
“anticipates,” “intends,” “plans,” “believes,” “seeks,”
“estimates,” “will,” “should,” “may,” “projects,” “could,”
“estimates” or variations of such words and other similar
expressions are intended to identify such forward-looking
statements, which generally are not historical in nature, but not
all forward-looking statements include such identifying words.
Forward-looking statements regarding the Company and HTA, include,
but are not limited to, statements related to the proposed
transaction, and the anticipated timing thereof; other statements
of management’s beliefs, intentions or goals; and other statements
that are not historical facts. These forward-looking statements are
based on each of the companies’ current plans, objectives,
estimates, expectations and intentions and inherently involve
significant risks and uncertainties. Actual results and the timing
of events could differ materially from those anticipated in such
forward-looking statements as a result of these risks and
uncertainties, which include, without limitation, risks and
uncertainties associated with: the Company’s and HTA’s ability to
complete the proposed transaction on the proposed terms or on the
anticipated timeline, or at all, including risks and uncertainties
related to satisfaction of closing conditions to consummate the
proposed transaction; the occurrence of any event, change or other
circumstance that could give rise to the termination of the
definitive transaction agreement relating to the proposed
transaction; risks related to diverting the attention of HTA and
Company management from ongoing business operations; failure to
realize the expected benefits of the proposed transaction;
significant transaction costs and/or unknown or inestimable
liabilities; the risk of shareholder litigation in connection with
the proposed transaction, including resulting expense or delay; the
risk that the Company’s and HTA’s respective businesses will not be
integrated successfully or that such integration may be more
difficult, time-consuming or costly than expected; the ability to
obtain the expected financing to consummate the proposed
transaction; risks related to future opportunities and plans for
the combined company, including the uncertainty of expected future
financial performance and results of the combined company following
completion of the proposed transaction; effects relating to the
announcement of the proposed transaction or any further
announcements or the consummation of the proposed transaction on
the market price of the Company’s or HTA’s common stock; the
possibility that, if the Company does not achieve the perceived
benefits of the proposed transaction as rapidly or to the extent
anticipated by financial analysts or investors, the market price of
the Company’s common stock could decline; general adverse economic
and local real estate conditions; the inability of significant
tenants to continue paying their rent obligations due to
bankruptcy, insolvency or a general downturn in their business;
increases in interest rates; increases in operating expenses and
real estate taxes; changes in the dividend policy for the Company’s
common stock or its ability to pay dividends; impairment charges;
pandemics or other health crises, such as the COVID-19 pandemic;
and other risks and uncertainties affecting the Company and HTA,
including those described from time to time under the caption “Risk
Factors” and elsewhere in the Company’s and HTA’s Securities and
Exchange Commission (“SEC”) filings and reports, including the
Company’s Annual Report on Form 10-K for the year ended December
31, 2021, HTA’s Annual Report on Form 10-K for the year ended
December 31, 2021, and future filings and reports by either
company. Moreover, other risks and uncertainties of which the
Company or HTA are not currently aware may also affect each of the
companies’ forward-looking statements and may cause actual results
and the timing of events to differ materially from those
anticipated. The forward-looking statements made in this
communication are made only as of the date hereof or as of the
dates indicated in the forward-looking statements, even if they are
subsequently made available by HR or HTA on their respective
websites or otherwise. Neither the Company nor HTA undertakes any
obligation to update or supplement any forward-looking statements
to reflect actual results, new information, future events, changes
in its expectations or other circumstances that exist after the
date as of which the forward-looking statements were made, except
as required by law.
ContactsFinancial ContactKris Douglas, Chief Financial OfficerP:
(615) 269-8175
Media ContactsCharlie Koons / Elizabeth VolpeP: (212)
333-3810
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