Global Medical REIT Prices Common Stock Offering
(RESULTS DEPEND ON A VARIETY OF FACTORS UNIQUE TO EACH MATTER. PRIOR RESULTS DO NOT GUARANTEE OR PREDICT A SIMILAR OUTCOME.)
Vinson & Elkins
advised Global Medical REIT Inc. in its underwritten public offering of
3,500,000 shares of its common stock at a price to the public of $9.00 per
share for gross proceeds of $31.5 million. The offering priced on June 28,
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 strong clinical
operators with leading market share.
The V&E corporate team was led by partner
Daniel LeBey with assistance from associates Doug Boyle and Caroline Lamberti.
Also advising were partner Chris Mangin and associate Sam Guthrie.