Navigation Links
Healthcare Realty Trust Announces Public Offering of Common Stock

NASHVILLE, Tenn., Sept. 25 /PRNewswire-FirstCall/ -- Healthcare Realty Trust Incorporated (NYSE: HR) today announced that it intends to sell 2,000,000 shares of its common stock to Stifel, Nicolaus & Company, Incorporated ("Stifel Nicolaus"). Healthcare Realty Trust will also grant Stifel Nicolaus a 30-day option to purchase up to an additional 300,000 shares of common stock. All of the shares in the offering will be sold by Healthcare Realty Trust. Stifel Nicolaus will be acting as the sole underwriter for the offering.

The proceeds will be used primarily to fund acquisitions under contract and construction underway of medical office and outpatient facilities and for other general corporate purposes; and will temporarily repay a portion of amounts outstanding under the Company's unsecured credit facility. Based on the closing market price on September 20, 2007, the net proceeds of the offering are estimated to be approximately $50 million. Closing of the offering is expected to occur on or about September 28, 2007, subject to customary closing conditions.

The common stock is being sold pursuant to an effective shelf registration statement. The offering is being made solely by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained by contacting Stifel, Nicolaus & Company, Incorporated, 100 Light Street, Baltimore, Maryland 21202, Attn: Prospectus Department, Fax: (410) 454-5157 or by email at

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of the securities, nor shall there be any sale of these securities, in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

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, 2007, excluding assets classified as held for sale, the Company had investments of approximately $1.6 billion in 178 real estate properties and mortgages, including investments in unconsolidated limited liability companies. The Company's 173 owned real estate properties, excluding assets classified as held for sale, are comprised of six facility types, located in 24 states, totaling approximately 10.6 million square feet. The Company provides property management services to approximately 7.3 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 including the ultimate amount and price at which the sale of securities will occur, if at all. These risks are discussed in a 10-K filed with the SEC by Healthcare Realty Trust for the year ended December 31, 2006. 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.

SOURCE Healthcare Realty Trust Incorporated
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Healthcare sector is now a multi billion-dollar industry in India
2. Iodex goes to SmithKline Beecham consumer Healthcare
3. Healthcare Professionals Might Want To Rethink Their Dress Code
4. WHO report asks for improved healthcare for mother and child
5. New X-ray machine launched by GE Healthcare
6. India To March Ahead in The Global HealthCare Competition
7. Medical Fraternity Urged To Revamp Indian Healthcare
8. British Healthcare Mission Explores Partnership Possibilities With Indian Healthcare Sector
9. Need For Social Churning Emphasized In CMC Meet On ‘Leadership In Healthcare
10. LINK Applied Genomics Programme Promises To Revolutionize Healthcare Systems
11. India Can Manage World’s Healthcare Crisis By 202
Post Your Comments:
(Date:10/13/2015)... ... October 13, 2015 , ... Local Gold’s Gym franchise owner, Bryce ... on August 26. Berry, who owns and operates Gold's Gym Cheyenne in ... Gold’s Gyms in the United States. A brand leader in global fitness, Gold’s Gyms ...
(Date:10/13/2015)... ... October 13, 2015 , ... Breathing is one ... not breathe correctly. According to T’ai Chi (also spelled “Taiji”) and Qigong Grand-masters ... correctly, in concert with the 7,000 year old tradition they teach, can improve ...
(Date:10/13/2015)... (PRWEB) , ... October 13, 2015 , ... With Fall ... heat styling tool for this month’s Facebook Hair Styler Contest. , Enter to win! ... Contest Image Answering: What Is Your Favorite Hair Style? , 3. Follow us on ...
(Date:10/13/2015)... ... 13, 2015 , ... In an ongoing effort to provide ... Southlake, Texas, child development and pediatric therapy center, is working with TRICARE to ... their options for receiving this kind of care for affected children. Because of ...
(Date:10/13/2015)... MD (PRWEB) , ... October 13, 2015 , ... ... retailing sustainable and eco-friendly home furnishings and décor, today announced it closed on ... equity investor. The funds will be used to support the Company’s continued rapid ...
Breaking Medicine News(10 mins):
(Date:10/13/2015)... Oct. 13, 2015   Happy Vitals ... laboratory home testing kit for breast milk.  ... provide an unparalleled, detailed assessment of the ... proteins, carbs and key vitamins—all charted over ... personal health tracking.  In addition, Happy Vitals also ...
(Date:10/13/2015)... Calif. , Oct. 13, 2015   Rosa ... advisory firm in Quantitative Systems Pharmacology (QSP)/ PhysioPD™ , ... Engineer, will lead a workshop at the QSP ... in Boston, MA.  The conference ... pharmaceutical drug development.  Dr. Friedrich,s workshop is entitled "Using ...
(Date:10/13/2015)... -- World Thrombosis Day Interactive Infographic   ... --> World Thrombosis Day Interactive Infographic ... vital global awareness of thrombosis, its causes, risk ... formation of potentially deadly blood clots in the ... (VTE) - or the artery (arterial thrombosis) [1]  - ...
Breaking Medicine Technology: