Healthcare Realty Trust Completes Acquisition of Medical Office Facilities From Baylor Health Care System
July 30 2004 - 4:18PM
PR Newswire (US)
Healthcare Realty Trust Completes Acquisition of Medical Office
Facilities From Baylor Health Care System NASHVILLE, Tenn., July 30
/PRNewswire-FirstCall/ -- Healthcare Realty Trust Incorporated
(NYSE:HR) announced today that it has completed the acquisition of
20 medical office facilities for approximately $133 million from
Baylor Health Care System of Dallas and its affiliates. The
properties are located on or near the campuses of four hospitals
affiliated with the health system. Healthcare Realty Trust will own
and manage the facilities, which contain more than one million
square feet and are occupied by various hospital services and
physician tenants. Baylor Health Care System, based in Dallas,
Texas, is a not-for-profit, faith-based network of 11 hospitals,
more than 70 primary care centers and practices, eight
rehabilitation clinics, nine senior health centers, 19 affiliated
ambulatory surgery centers, and the Baylor Research Institute. One
of the largest health care providers in Dallas-Fort Worth, Baylor
Health Care System has more than 2,500 licensed beds, 15,000
employees, 3,300 affiliated physicians, and $2.0 billion in assets.
Healthcare Realty Trust is a real estate investment trust that
integrates owning, managing and developing income-producing real
estate properties associated with the delivery of healthcare
services throughout the United States. As of June 30, 2004, the
Company had investments of approximately $1.8 billion in 237 real
estate properties or mortgages, totaling approximately 12.7 million
square feet. The Company's portfolio was comprised of six major
facility types, located in 32 states. The Company provided property
management services to approximately 6.6 million square feet
nationwide. In addition to the historical information contained
within, the matters discussed in this press release may contain
forward-looking statements that involve risks and uncertainties.
These risks are discussed in a 10-K filed with the SEC by
Healthcare Realty Trust for the year ended December 31, 2003.
Forward-looking statements represent the Company's judgment as of
the date of this release. The Company disclaims any obligation to
update forward-looking material. DATASOURCE: Healthcare Realty
Trust Incorporated CONTACT: Bethany Mancini, Corporate
Communications of Healthcare Realty Trust, +1-615-269-8175 Web
site: http://www.healthcarerealty.com/ Company News On-Call:
http://www.prnewswire.com/comp/112435.html
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