Sabra Health Care REIT, Inc. (Nasdaq: SBRA) CEO Rick Matros used the company’s quarterly earnings call Thursday to strike back at activist investors looking to foil the impending merger with Care Capital Properties (NYSE: CCP).
Matros, amid the disclosure of second-quarter revenues that beat projections, called the hedge funds that will vote against the deal “a couple of dissident shareholders that do not have the requisite experience to address the fundamentals of this space”—a descriptor he also used for Institutional Shareholder Services, a third-party proxy firm that similarly recommended a “no” vote on the Sabra-CCP union.
The Irvine, California-based Sabra also reported slight declines in occupancy at its senior housing properties, compared with a small rise for its skilled nursing properties.
Read the full story at Skilled Nursing News.
Written by Alex Spanko