Nationwide Health Properties completed $23.8 million in new investments last month. They comprise an $8.8 million mortgage on a congregate-care facility in Tulsa, Okla.; a $10.6 million acquisition of a congregate-care facility in Palm Desert, Calif.; and a $4.4 million purchase of an integrated healthcare facility campus in Ojai, Calif. So far this year, the Newport Beach, Calif.-based real estate investment trust has made $42.5 million in new investments.
AmeriHealth, an Atlanta-based hospital chain, reported a 69% drop in net income to $553,000, or 4 cents per share, for the first quarter ended March 31, compared with net income of $1.8 million, or 13 cents per share, in the year-ago period. Revenues slipped 5% to $11.7 million. Operating results for the first quarter last year included a $1.3 million benefit from a change in accounting standards.