National Health Investors Inc. (NYSE:NHI) recently reported it has closed a $10.15 million purchase/leaseback transaction with affiliates of Senior Living Management involving three assisted living facilities totaling 108 beds in Florida. The transaction brings NHI’s total investment volume to $141 million to date in 2010. The purchase price was funded from NHI’s revolving credit facility. The three facilities, which are ten years old and attract private payment for services, are being leased to Senior Living Management for 15 years at an initial lease rate of $1,015,000 plus annual fixed escalators. There are two five-year renewal options. Senior Living Management operates 24 senior living facilities in Florida, Georgia and Pennsylvania. The purchase of the three facilities expands NHI’s relationship with Senior Living Management to a total of five facilities.
National Health Investors, Inc., a real estate investment trust (REIT), invests in health care properties, primarily in the long-term care industry in the United States.
Muscle Pharm Corp. (MSLP.OB) previously reported that it has become an official nutritional supplement supplier for Major League’s baseball team; the Cincinnati Reds. The partnership begins in 2011 and MusclePharm will work closely with the Cincinnati Reds and its Head Strength Coach, Matt Krause. Matt Krause, Head Strength Coach of the Cincinnati Reds said, “We are proud to team with MusclePharm because its products are convenient, safe, effective and contain no banned substances. As a strength coach, I am always working to ensure our players reach their full potential and proper diet and supplements are an important part of that goal of reaching full potential. Musclepharm provides the proper supplements that are approved by NSF and Major League Baseball testing guidelines which provides me with the confidence I must have in the supplements our players are using.”
MusclePharm’s President, Cory Gregory, commented, “We are very excited to become the nutritional supplement supplier for the Cincinnati Reds. We believe this relationship will expand our brand by introducing our nutritional supplements, which are 100% free of any banned substances, to a new consumer group.”
For more information about this company please visit http://www.musclepharm.com
Air Products & Chemicals Inc. (NYSE:APD) reported that it has extended by 10 business days the expiration date of its tender offer for all outstanding common shares of Airgas, Inc. for $65.50 per share in cash. The offer and withdrawal rights are now scheduled to expire at 12:00 midnight New York City time on December 17, 2010. The tender offer was previously scheduled to expire on December 3, 2010. The offer is being extended to enable the Delaware Chancery Court to render a decision on pending litigation between Air Products and Airgas.
Air Products and Chemicals, Inc. offers atmospheric gases, process and specialty gases, performance materials, and equipment and services worldwide.
Goodrich Corp. (NYSE:GR) will address the Bank of America Merrill Lynch Global Industries Conference on Tuesday, Dec. 14, 2010, in New York City. The presentation is scheduled to begin at 3:20 p.m. Eastern time. A live audio webcast will be available on www.goodrich.com — see “Bank of America Merrill Lynch Conf.” link. Following the conference, the archived webcast will be available for replay. A slide presentation will also be posted on the Investor Relations page of our website. Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to aerospace, defense and homeland security markets. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide manufacturing and service facilities. For more information visit http://www.goodrich.com.
Goodrich Corporation supplies aerospace components, systems, and services worldwide. It operates in three segments: Actuation and Landing Systems, Nacelles and Interior Systems, and Electronic Systems.
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