Nov 17 (Reuters) - Mainstreet Health Investments Inc HLPu.TO
* Mainstreet Health Investments Inc announces US$425 million transformational acquisition of 42 US property portfolio, new strategic investor and name change
* Mainstreet Health Investments Inc - transaction is expected to be accretive to company's 2018E adjusted funds from operations per share
* Mainstreet Health Investments Inc - intends to change operating name to Invesque Inc
* Mainstreet Health Investments Inc - upon closing, Tiptree will become Mainstreet's largest shareholder with an ownership interest of approximately 34 pct
* Mainstreet Health Investments Inc - Tiptree will receive Mainstreet shares based upon a fixed issuance price of US$9.75 per common share
* Mainstreet Health Investments Inc - Mainstreet is funding equity portion of consideration through issuance of Mainstreet common shares directly to Tiptree
* Mainstreet Health Investments Inc - co will also assume about $261.2 million of in-place property level mortgage financing
* Mainstreet Health Investments Inc - Tiptree agreed to a 24 month standstill & to restrictions on sale of equity consideration for period of 6-18 months
* Mainstreet Health Investments Inc - entered into definitive agreements with Tiptree Inc & certain subsidiaries, to acquire Care Investment Trust LLC
* Mainstreet Health Investments Inc - on deal closing, Tiptree will have right to nominate one board member and one board observer to co's board
* Mainstreet Health Investments Inc - consideration to be paid to Tiptree to consist of issuance of about 16.8 million co's shares at price of $9.75/ share