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BRIEF-Mainstreet Health reports $152 Million of acquisitions and internalization of management

Published 2016-09-15, 04:38 p/m
© Reuters. BRIEF-Mainstreet Health reports $152 Million of acquisitions and internalization of management

Sept 15 (Reuters) - Mainstreet Health Investments Inc HLPu.TO :

* Mainstreet Health Investments announces $152 million of acquisitions, internalization of management and $65 million bought deal offering of subscription receipts

* Reached an agreement for termination of company's existing asset management agreement

* Mainstreet Health Investments Inc says transactions are expected to be immediately accretive to company's adjusted funds from operations per share

* There is no cost to company to terminate asset management agreement

* Reached an agreement for "internalization of management"

* Following acquisitions, co's asset value is expected to increase from about $450 million to approximately $600 million

* There is no cost to company to terminate asset management agreement

* Agreement that co's existing Canadian, U.S. Development agreements will not be terminated upon management internalization Source text for Eikon: ID:nCCN66gBQn Further company coverage: HLPu.TO

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