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MedEquities completes IPO

MedEquitiesRealty Trust Inc. wrapped up its IPO of 19,925,333 common shares, including 19.0 million sharessold by the company and 925,333 shares by the selling stockholders.

The offering, priced at $12.00 per share, carries a 30-dayoverallotment option for the underwriters to buy 2,988,800 additional shares.

The common shares are traded on the NYSE under the MRTticker symbol.

MedEquities said earlier that it will use the net proceedsto redeem its outstanding preferred stock, to repay amounts under its securedcredit facility and for general corporate purposes.

FBR, J.P. Morgan, Citigroup, KeyBanc Capital Markets,Raymond James and RBC Capital Markets were the joint book-running managers,while JMP Securities, Fifth Third Securities and Capital One Securities werethe co-managers.