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Healthcare Trust ( (HLTC) ) just unveiled an announcement.
Healthcare Trust, Inc. has finalized its management internalization, estimated to save over $25 million annually in administrative costs, and has rebranded as National Healthcare Properties, Inc., signifying a strategic shift towards growth in healthcare real estate. Additionally, a 4-for-1 reverse stock split aims to improve marketability and prepare for a potential public listing, with leadership from CEO Michael Anderson, who joins the board, and CFO Scott Lappetito. The company is also considering a public listing with guidance from BMO Capital Markets Corp.
Learn more about HLTC stock on TipRanks’ Stock Analysis page.