Global Medical Reit Inc. shares rise 1.17% after-hours following NHC's Q1 earnings report of $32.2 million profit.

Global Medical Reit Inc. rose 1.17% in after-hours trading. The company's stock price increase may be attributed to the acquisition of Care REIT by National HealthCare Corporation, which is a provider of senior health care services. The acquisition is expected to provide attractive levels of rent cover and good quality care, which could lead to capital and income growth for the company.