$SBRA$SBRAP said FPMC and Texas Health Resources (THR) on April 20 executed a purchase and sale agreement whereby THR will buy the hospital and medical office real estate that serve as collateral for construction loan for $112MM.
$LMOS completed acquisition of Clarity Communications Group, in line with prior guidance of a 1Q17 closing. Clarity operates a 730 mile fiber network with 75 on-net locations with the vast majority of its operations in the state of North Carolina.
Insurance company $BRO reported a decline in 4Q16 earnings. Net income
was $57.7MM, a decrease of 0.7%, and diluted EPS was $0.41, unchanged from 4Q15.
Revenues for 4Q16 were $433.6MM, an increase of 7.1%, compared to 4Q15. Organic
revenue increased by 3.5% in 4Q16.
$ZION is committing to improve its efficiency ratio to the low 60s in 2017. The company saw soft loan growth in 4Q16, due to the constraints on growth in $ZION's commercial real estate portfolio as a result of internal concentration limits and attrition in oil and gas loans.