Mainstreet Health Investments Inc :
* Mainstreet Health Investments announces $152 million of acquisitions, internalization of management and $65 million bought deal offering of subscription receipts
* Reached an agreement for termination of company’s existing asset management agreement
* Mainstreet Health Investments Inc says transactions are expected to be immediately accretive to company’s adjusted funds from operations per share
* There is no cost to company to terminate asset management agreement
* Reached an agreement for “internalization of management”
* Following acquisitions, co’s asset value is expected to increase from about $450 million to approximately $600 million
* There is no cost to company to terminate asset management agreement
* Agreement that co’s existing Canadian, U.S. Development agreements will not be terminated upon management internalization Source text for Eikon: Further company coverage:
Recent Articles on M&A
Source: Reuters.com
