Healthcare Trust of America Inc.'s board authorized a stock repurchase program for a maximum of $100 million of the company's class A common stock from time to time before June 7, 2020.
Under the program, the Scottsdale, Ariz.-based healthcare facilities operator may buy back the stock from time to time in open market and stock repurchases, subject to certain conditions.
The company plans to use its revolving credit facility and available cash to fund any stock repurchase.
