By: Amy Stulick
American Healthcare REIT recently completed its initial public offering, raising $672 million. This amount falls on the lower end of its initial target, as the company had aimed to raise up to $840 million. The REIT’s IPO is one of 10 on US exchanges this week and shares began trading on the New York Stock Exchange under the symbol AHR. American Healthcare plans to use the proceeds to pay down debt and owns and operates skilled nursing facilities, medical office buildings, senior housing, and hospitals across the US, UK, and Isle of Man. The offering is led by Bank of America and Morgan Stanley, and is expected to close on Feb. 9.
