National Health Investors provides mortgage for Heritage Health.MURFREESBORO, Tenn.--(BUSINESS WIRE)--Feb. 21, 1995--National Health Investors Inc., (NYSE NYSE See: New York Stock Exchange :NHI NHI abbr. National Health Insurance ) one of the nation's largest health care real estate investment trusts, announced today it is providing a $4.6 million mortgage to Heritage Health Care Center of Baker, Fla. The loan was used to refinance the current bond indebtedness and to provide financing for the construction of an additional 60 beds at Heritage Health Care. The 60-bed nursing home is managed by ACDM ACDM Association for Clinical Data Management ACDM Association for Configuration and Data Management ACDM Association Canadienne de la Dystrophie Musculaire (French: Muscular Dystrophy Association of Canada) of Iowa. ACDM currently operates 28 nursing homes throughout Iowa and Florida. "ACDM is doing a great job in its nursing homes, and we are pleased to be refinancing another center that they manage," Andy Adams said. "Many of the nation's elderly continue retiring to Florida, and the demand for nursing home beds in that state is increasing." National Health Investors Inc. is a real estate investment trust that specializes in the purchase and leaseback of health care real estate and in making mortgage loans to health care operators. The company has over $600 million in assets. The common and preferred stocks of the company trade on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbols NHI and NHIPr respectively. NHI now has investments in 228 facilities in 24 states. CONTACT: National Health Investors Inc., Murfreesboro Liz Massa Massa, in the Bible Massa (măs`ə), in the Bible, seventh son of Ishmael. Massa, city, Italy Massa (mäs`ä), city (1991 pop. 66,737), capital of Massa-Carrara prov. , 615/890-2020 |
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