EX-99.1
5
v455511_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
FOR IMMEDIATE RELEASE
GLOBAL
MEDICAL REIT Inc. PROVIDES acquisition update
Company Completes Previously Announced Planned
Acquisition of Three Hospitals for $68 million
BETHESDA, MD - December 21, 2016 -
Global Medical REIT Inc. (NYSE: GMRE) (the "Company" or "GMR"), a Maryland corporation engaged primarily
in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities to leading
clinical operators with dominant market share, announced today that on December 20, 2016 it closed on the acquisition of three
rehabilitation hospitals for an aggregate purchase price of $68,093,000. The three hospitals are HealthSouth rehabilitation hospitals
in Mesa, AZ, Altoona, PA and Mechanicsburg, PA. On November 30, 2016, the Company announced that it had entered into purchase contracts
to acquire these hospitals.
David Young, Chief Executive Officer of GMR,
stated, "I am very happy to announce that the Company completed its acquisition of three hospitals from affiliates of Healthcare
Realty Trust, each of which was leased to HealthSouth Corporation under long-term triple net leases that we assumed commensurate
with the close of the transaction. With the completion of this acquisition we have successfully accomplished our year end goal
of deploying all of the funds raised during our successful IPO in July".
About Global Medical REIT Inc.
Global Medical REIT Inc. is a Maryland corporation
engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these
facilities to leading clinical operators with dominant market share. The Company intends to produce increasing, reliable rental
revenue by expanding its portfolio, and leasing each of its healthcare facilities to a single market-leading operator under a long-term
triple-net lease. The Company's management team has significant healthcare, real estate and public real estate investment
trust, or REIT, experience and has long-established relationships with a wide range of healthcare providers. The Company intends
to elect to be taxed as a REIT for U.S. federal income tax purposes commencing with its taxable year ended December 31, 2016.
Forward-Looking Statements
This press release
contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Exchange Act, pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe",
"expect", "estimate", "plan", "outlook", and "project" and other similar
expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking
statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications
of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information
available at the time those statements are made and/or management's good faith belief as of that time with respect to future
events. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company
and many of which are beyond the Company's control, which could cause actual performance or results to differ materially
from those expressed in or suggested by the forward-looking statements. These risks and uncertainties are described in greater
detail in the Company's filings with the United States Securities and Exchange Commission (the "Commission"),
including, without limitation, the Company's annual and periodic reports and other documents filed with the Commission. Unless
legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information,
future events or otherwise. The Company undertakes no obligation to update these statements after the date of this release.
Contacts:
Investor Relations Counsel
The Equity Group Inc.
Jeremy Hellman, Senior Associate
(212) 836-9626 /
jhellman@equityny.com
Adam Prior, Senior Vice President
(212) 836-9606 /
aprior@equityny.com
~
2
~

EX - 99 . 1 5 v455511 _ ex99 - 1 . htm EXHIBIT 99 . 1 Exhibit 99 . 1 FOR IMMEDIATE RELEASE GLOBAL MEDICAL REIT Inc . PROVIDES acquisition update Company Completes Previously Announced Planned Acquisition of Three Hospitals for $ 68 million BETHESDA , MD - December 21 , 2016 - Global Medical REIT Inc . ( NYSE : GMRE ) ( the " Company " or " GMR " ) , a Maryland corporation engaged primarily in the acquisition of licensed , state - of - the - art , purpose - built healthcare facilities and the leasing of these facilities to leading clinical operators with dominant market share , announced today that on December 20 , 2016 it closed on the acquisition of three rehabilitation hospitals for an aggregate purchase price of $ 68,093,000 . The three hospitals are HealthSouth rehabilitation hospitals in Mesa , AZ , Altoona , PA and Mechanicsburg , PA . On November 30 , 2016 , the Company announced that it had entered into purchase contracts to acquire these hospitals . David Young , Chief Executive Officer of GMR , stated , " I am very happy to announce that the Company completed its acquisition of three hospitals from affiliates of Healthcare Realty Trust , each of which was leased to HealthSouth Corporation under long - term triple net leases that we assumed commensurate with the close of the transaction . With the completion of this acquisition we have successfully accomplished our year end goal of deploying all of the funds raised during our successful IPO in July " . About Global Medical REIT Inc . Global Medical REIT Inc . is a Maryland corporation engaged primarily in the acquisition of licensed , state - of - the - art , purpose - built healthcare facilities and the leasing of these facilities to leading clinical operators with dominant market share . The Company intends to produce increasing , reliable rental revenue by expanding its portfolio , and leasing each of its healthcare facilities to a single market - leading operator under a long - term triple - net lease . The Company 's management team has significant healthcare , real estate and public real estate investment trust , or REIT , experience and has long - established relationships with a wide range of healthcare providers . The Company intends to elect to be taxed as a REIT for U . S . federal income tax purposes commencing with its taxable year ended December 31 , 2016 . Forward - Looking Statements This press release contains statements that are " forward - looking statements " within the meaning of Section 27A of the Securities Act of 1933 , as amended , and Section 21E of the Exchange Act , pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 . Forward - looking statements may be identified by the use of words such as " anticipate " , " believe " , " expect " , " estimate " , " plan " , " outlook " , and " project " and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters . Forward - looking statements should not be read as a guarantee of future performance or results , and will not necessarily be accurate indications of the times at , or by , which such performance or results will be achieved . Forward - looking statements are based on information available at the time those statements are made and / or management 's good faith belief as of that time with respect to future events . These forward - looking statements are subject to various risks and uncertainties , not all of which are known to the Company and many of which are beyond the Company 's control , which could cause actual performance or results to differ materially from those expressed in or suggested by the forward - looking statements . These risks and uncertainties are described in greater detail in the Company 's filings with the United States Securities and Exchange Commission ( the " Commission " ) , including , without limitation , the Company ' s annual and periodic reports and other documents filed with the Commission . Unless legally required , the Company disclaims any obligation to update any forward - looking statements , whether as a result of new information , future events or otherwise . The Company undertakes no obligation to update these statements after the date of this release . Contacts : Investor Relations Counsel The Equity Group Inc . Jeremy Hellman , Senior Associate ( 212 ) 836 - 9626 / jhellman@equityny.com Adam Prior , Senior Vice President ( 212 ) 836 - 9606 / aprior@equityny.com ~ 2 ~