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CareTrust REIT Acquires Pacific Northwest Portfolio for Approximately $146 Million

1. CTRE acquired a $146 million portfolio of skilled nursing facilities. 2. The facilities include 911 licensed beds across three states.

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FAQ

Why Bullish?

Acquisitions typically signal growth potential. Historical similar deals often boosted stock performance.

How important is it?

The acquisition strengthens CTRE's portfolio, enhancing its market position and growth prospects.

Why Long Term?

The benefits from acquisitions manifest over time through increased revenue and market share.

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SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) (“CareTrust” or the “Company”) announced today that, together with a joint venture partner, it has acquired a portfolio of skilled nursing facilities located in the Pacific Northwest for a total purchase price of approximately $146 million, inclusive of transaction costs. The portfolio consists of 10 facilities comprising 911 licensed beds located across Idaho, Oregon and Washington. The acquisition was completed through a.

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