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NATIONWIDE HEALTH PROPERTIES INC. COMPLETES $35 MILLION TRANSACTION

 NEWPORT BEACH, Calif., Nov. 2 /PRNewswire/ -- Nationwide Health Properties Inc. announced today that it has completed a transaction in which the company will acquire 11 long-term care facilities for $35,660,000. The facilities, located in Tennessee and Massachusetts, will be leased to American Health Centers Inc., a privately held company that operates 32 long-term care facilities in the United States.
 "These are first-rate properties operated by a quality company and we are very pleased to be part of this transaction," said R. Bruce Andrews, president and chief executive officer. "The sale leaseback transaction is part of a very creative ESOP arrangement that American Health Centers has accomplished."
 Nationwide Health Properties Inc. is a real estate investment trust that invests in health care facilities. The company has investments in 170 facilities in 29 states.
 -0- 11/2/93
 /CONTACT: R. Bruce Andrews, president and CEO of Nationwide Health Properties, 714-251-1211/


CO: Nationwide Health Properties Inc. ST: California IN: HEA SU: TNM

MF-EH -- LA031 -- 9694 11/02/93 13:39 EST
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Publication:PR Newswire
Date:Nov 2, 1993
Words:170
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