DivestmentJul 2, 2026, 05:32 PM
Chiron Real Estate Sells 7 Properties for $217M
AI Summary
Chiron Real Estate Inc. announced the completion of the sale of a portfolio of seven inpatient rehabilitation hospital properties for an aggregate purchase price of $217.0 million. The Company, through its subsidiaries, entered into an Agreement of Purchase and Sale on June 26, 2026, and completed the sale on June 29, 2026. Following the transaction, Chiron Real Estate Inc. retains a 15% ownership interest in the joint venture that acquired the properties, with a U.S. public pension fund holding the remaining 85%. The transaction resulted in an estimated gain on sale of $70.748 million and net proceeds of $194.871 million.
Key Highlights
- Chiron Real Estate Inc. sold a portfolio of seven inpatient rehabilitation hospital properties.
- The aggregate purchase price for the properties was $217.0 million.
- The Company retained a 15% ownership interest in the joint venture that acquired the properties.
- A U.S. public pension fund holds an 85% interest in the joint venture.
- The estimated gain on sale from the transaction is $70.748 million.
- Estimated net proceeds retained by the Company from the sale are $194.871 million.
- Pro forma net income attributable to common stockholders for 2025 was $43.593 million.
- Pro forma net loss attributable to common stockholders for Q1 2026 was $(3.358) million.
Price Impact
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