NEW YORK, May 8, 2014 /PRNewswire/ -- American Realty
Capital Healthcare Trust, Inc. ("ARC Healthcare") (NASDAQ: HCT)
announced today the final results of its tender offer for the
purchase of up to 13,636,364 shares of its common stock, which
expired at 12:00 Midnight, Eastern Time, on May 2, 2014.
Based on the final count by DST Systems, Inc., the paying agent
and depositary for the tender offer, a total of 69,940,704 shares
of ARC Healthcare's common stock were properly tendered and not
properly withdrawn at the purchase price of $11.00 per share.
In accordance with the terms and conditions of the tender offer,
and based on the final count by the paying agent and depositary,
ARC Healthcare has accepted for purchase 13,636,363 shares of ARC
Healthcare's common stock at a purchase price of $11.00 per share, for an aggregate cost of
approximately $150,000,000, excluding
fees and expenses relating to the tender offer. The 13,636,363
shares accepted for purchase in the tender offer represent
approximately 7.5% of ARC Healthcare's currently issued and
outstanding shares of common stock.
Due to the oversubscription of the tender offer, stockholders
who tendered and did not properly withdraw shares of common stock
in the tender offer will have approximately 19.18% of their shares
purchased on a pro rata basis by ARC Healthcare (other than "odd
lot" holders, whose shares will be purchased on a priority
basis).
The paying agent promptly will issue payment for the shares
validly tendered and accepted for purchase in accordance with the
terms and conditions of the tender offer. Shares tendered and not
accepted for purchase will be returned promptly to
stockholders.
As a result of the tender offer, ARC Healthcare has
approximately 169,301,904 shares outstanding.
Investor questions concerning the tender offer may be directed
to the information agent for the offer, American National Stock
Transfer, LLC, at (877) 373-2522.
Important Notice
This press release is for informational purposes only and is not
an offer to buy or the solicitation of an offer to sell any shares
of ARC Healthcare.
About ARC Healthcare
ARC Healthcare is a real estate investment trust with a
dedicated portfolio of healthcare assets focused primarily on
medical office and seniors housing with additional investments in
post-acute/skilled nursing facilities and hospitals.
Since its inception in 2010, ARC Healthcare has raised and invested
approximately $2.0 billion, creating
a portfolio comprised of 141 properties in 27 states. Additional
information about ARC Healthcare can be found on its website at
www.archealthcaretrust.com. ARC Healthcare may disseminate
important information regarding it and its operations, including
financial information, through social media platforms such as
Twitter, Facebook and LinkedIn.
Important Notice
The statements in this press release that are not historical
facts may be forward-looking statements. These forward-looking
statements involve risks and uncertainties that could cause the
outcome to be materially different. In addition, words such as
"will," "should," "may," "anticipate," "believe," "expect" and
"intend" indicate a forward-looking statement, although not all
forward-looking statements include these words.
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SOURCE American Realty Capital Healthcare Trust, Inc.