Capstone Capital acquires two inpatient rehabilitation hospitals.BIRMINGHAM, Ala.--(BUSINESS WIRE)--May 13, 1996--Capstone Capital Corp. (NYSE NYSE See: New York Stock Exchange :CCT CCT Circuit CCT Commission Canadienne du Tourisme (Canadian Tourism Commission) CCT Correlated Color Temperature CCT Common Customs Tariff (EU) CCT Certificate of Completion of Training ) announced today that it has completed the acquisition of two inpatient rehabilitation hospitals in transactions totaling $29.6 million. The two hospitals, containing a total of 169 licensed beds, are located in Altoona and Mechanicsburg, Pa. The facilities will continue to be leased to, and operated by, HEALTHSOUTH Corp. (NYSE:HRC HRC Human Rights Campaign HRC Human Rights Council (UN) HRC Human Rights Commission HRC Hard Rock Cafe HRC Hillary Rodham Clinton (democratic senator/presidential candidate; former first lady) ). HEALTHSOUTH Corp. is the nation's largest provider of outpatient surgery Outpatient Surgery, also referred to as ambulatory surgery or same-day surgery, is surgery that does not require an overnight hospital stay. The term “outpatient” arises from the fact that surgery patients may go home do not need an overnight hospital , and rehabilitative healthcare services with more than 900 locations in 45 states. Capstone Capital Corp. is a self-administered real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) which currently owns, leases and provides mortgage financing for 48 healthcare related properties located in 13 states that are diversified as to operator, facility type and healthcare segment. CONTACT: Andrew L. Kizer Chief Financial Officer 205/967-2092 or Sue Rodney/Adam Steinberg Media Contact: Michelle Zawrotny Morgen-Walke Associates 212/850-5600 |
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