BETHESDA, Md.--(BUSINESS WIRE)--Global Medical REIT Inc. (NYSE:GMRE), 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.