LifeCare announces expansion of relationship with Health Care REIT
May 23, 2007 -

A subsidiary of Plano-based LifeCare Holdings, Inc. (LifeCare), has entered into a sale/leaseback transaction with Health Care REIT (HCN) of Toledo, Ohio. HCN has purchased from LifeCare the long-term acute care hospital currently being constructed by the company in San Antonio and has leased the facility back to LifeCare. The total purchase price for the hospital, following the completion of construction, is expected to be approximately $15.6 million. The initial lease term is 15 years and LifeCare has one 15 year renewal option.

Previously, LifeCare announced the development of a long term acute care hospital in Boise, Idaho, which a subsidiary of LifeCare leases from HCN pursuant to a Master Lease Agreement.

Visit www.lifecare-hospitals.com for more information.

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