Nationwide Health Properties

A looming boom in the number of older Americans in need of senior apartments, assisted living, healthcare services and access to skilled nursing has prompted another major real estate purchase, as a Chicago company that owns hundreds of senior housing facilities has agreed to buy a Newport Beach competitor in a $5.8-billion stock deal. Ventas Inc.'s purchase of Nationwide Health Properties Inc. is one of the bolder moves in a recent flurry of acquisition deals. Also Monday, Health Care REIT Inc. of Toledo, Ohio, bought nearly 150 properties from rehabilitation facility and nursing home operator Genesis HealthCare Corp.

Nationwide Health Properties Inc., the Newport Beach real estate investment trust, reported a 22% increase in profit for the third quarter, to $10.6 million, or 59 cents a share, from $8.7 million, or 53 cents a share, for the like period last year. Revenue was up 9%, to $15.2 million from $13.9 million. For the nine-month period, profit rose 47%, to $30.3 million, or $1.73 a share, from $20.6 million, or $1.44 a share, for the corresponding period in 1992. Revenue rose 24%, to $44.

Nationwide Health Properties Inc. said Tuesday that it raised nearly $65 million from the sale of debentures--corporate IOUs--that pay investors a 6.25% interest rate. The debentures were underwritten by a group of brokerages headed by NatWest Securities Ltd. and co-managed by Alex. Brown & Sons Inc. and A.G. Edwards & Sons Inc. The notes, with a $1,000 face value, were sold on the New York Stock Exchange. Until the debentures mature on Jan.

Nationwide Health Properties Inc., a Newport Beach real-estate-investment trust that invests in health-care facilities, posted fourth-quarter net income of $15.7 million, or 34 cents a share, down 3% from the $16.2 million, or 35 cents a share, for the year-earlier period. Revenue increased 2% to $42.9 million. For the year, net income rose to $63.5 million, or $1.37 a share, from $63.1 million, or $1.37 a share, for 1999. The net income for 2000 included a $1.

Nationwide Health Properties Inc. said it raised about $81 million on Wall Street Tuesday to pay for 45 convalescent homes that it is acquiring from the Resolution Trust Corp. The offering of 3 million newly issued common shares at $28 apiece was sold to a slew of U.S. and European institutional investors and was not available to individuals, said Catherine C. Creswell, a stock analyst at Alex. Brown & Sons in Baltimore. R.

Nationwide Health Properties Inc., a real estate investment trust based in Newport Beach, said Tuesday that it is seeking federal approval to raise as much as $100 million in medium-term notes. The money raised through issuance of the notes would be put on shelf registration, allowing the company to issue the notes in $5-million increments as needed, Chief Executive R. Bruce Andrews said.

Nationwide Health Properties Inc., trying to cover an $85.6-million promissory note it owes the Resolution Trust Corp. for 25 mortgages it has agreed to buy, has filed a request to sell 2 million shares of its stock to the public. The company, a real estate investment trust specializing in health care properties, hopes to raise $56 million in the proposed offering, according to an S-1 filing with the Securities and Exchange Commission. Company officials were not available for comment Wednesday.

Nationwide Health Properties Inc. said Tuesday that it has added nine properties to its portfolio of health-care facilities. The real estate investment trust, based in Newport Beach, said it paid $19 million to buy five long-term care facilities that together have more than 600 beds. It also provided $6 million in mortgage financing for four nursing homes. The new facilities bring Nationwide Health Properties' total investments for 1994 to $87 million.