Chiron Real Estate Inc. 8-K

What Happened
Chiron Real Estate Inc. announced it entered into and closed an Agreement of Purchase and Sale for a portfolio of seven inpatient rehabilitation hospital properties for an aggregate purchase price of $217.0 million. The sale closed on June 29, 2026 (purchase agreement dated June 26, 2026) with customary prorations, adjustments and credits. After closing, the properties are owned by a joint venture in which a U.S. public pension fund holds an 85% interest and Chiron (or an affiliate) holds a 15% interest and serves as managing member.

Key Details

• Aggregate purchase price: $217.0 million (subject to customary prorations, adjustments and credits).
• Properties sold: seven inpatient rehabilitation hospitals in Altoona, PA; Mechanicsburg, PA; Mesa, AZ; Sherman, TX; Las Vegas, NV; Surprise, AZ; and Oklahoma City, OK.
• Closing/completion: June 29, 2026 (Purchase Agreement provided for closing no later than July 31, 2026).
• Post-closing structure: ownership via JV — pension fund 85%, Chiron/affiliate 15% (Chiron serves as managing member). Chiron Real Estate LP joined the Purchase Agreement for limited post-closing obligations.

Why It Matters
This transaction monetizes seven hospital assets while preserving Chiron’s ongoing role through a 15% equity stake and management control of the JV, which may change the company’s reported operating results and balance sheet composition. The company filed unaudited pro forma consolidated financial statements (Exhibit 99.1) that reflect the sale as if it occurred on January 1, 2025 for the statements of operations and as of March 31, 2026 for the balance sheet—investors should review those pro forma figures to understand the sale’s effect on revenue, net income and asset/liability balances.