Sabra CEO: No Reason to Panic Over Senior Housing Downturn

Despite senior housing industry headwinds, don’t expect real estate investment trusts (REITs) to be taking aggressive steps to cut rents or lower escalators for operators as they have been for skilled nursing tenants. That’s according to Rick Matros, CEO of the Irvine, California-based Sabra Health Care REIT (Nasdaq: SBRA). Some other REITs are more focused on […]

Movers & Shakers: Lancaster Pollard, Lifespace Communities

SHN’s Movers & Shakers Column is sponsored by the SHN Job Board. To look for assisted living jobs for yourself or a friend, visit https://jobs.seniorhousingnews.com. If you’re an employer, post your senior living jobs with us and attract the industry’s best-read professionals today. Have hiring/staffing announcements? Send them to [email protected] Lancaster Pollard Hires Managing Director […]

Movers & Shakers: Lancaster Pollard, Lifespace Communities

SHN’s Movers & Shakers Column is sponsored by the SHN Job Board. To look for assisted living jobs for yourself or a friend, visit https://jobs.seniorhousingnews.com. If you’re an employer, post your senior living jobs with us and attract the industry’s best-read professionals today. Have hiring/staffing announcements? Send them to [email protected] Lancaster Pollard Hires Managing Director […]

Top Senior Housing Trends in 2018

Senior living professionals have reasons to be excited as they turn the calendar to 2018, even in the midst of ongoing occupancy pressure and potential disruption from recent health care mega-deals. Perhaps most fundamentally, the passage of another year brings the long-anticipated baby boomer age wave that much closer. Yet, most boomers are still a […]

Sabra, CCP Mega-Merger Approved

Shareholders of Sabra Health Care REIT, Inc. (Nasdaq: SBRA) on Tuesday approved the real estate investment trust’s (REIT’s) merger with Care Capital Properties (NYSE: CCP), ending a public battle involving multiple lawsuits and dissident hedge funds. For the full story, see our coverage on Skilled Nursing News. Written by Alex Spanko

Sabra’s CEO Fights Back Against CCP Merger Doubters

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 […]

Long-Term Care Megadeals Boost Health Industry M&A

The U.S. health services industry saw an “unusually high number of megadeals” in the second quarter of 2017—some of which took place in the long-term care sub-sector, according to data published by audit, assurance, tax and consulting firm Pricewaterhouse Coopers (PwC). Overall, 219 deals occurred throughout the health services industry in the second quarter, totaling to […]

Activist Shareholder Doubles Down Against $7.4 Billion Sabra Merger

An activist shareholder is doubling down on its opposition to the proposed $7.4 billion merger of Sabra Health Care REIT, Inc. (Nasdaq: SBRA) and Care Capital Properties, Inc. (NYSE: CCP)—this time arguing that, rather than purchasing CCP, Sabra should actually consider putting itself up for sale to maximize shareholder value. Though Sabra is deeming the CCP merger […]

Another Sabra Shareholder Opposes $7.4 Billion Merger

Yet another shareholder has come out against Irvine, California-based senior housing owner Sabra Health Care REIT, Inc.’s (Nasdaq: SBRA)  planned $7.4 billion merger with Chicago-based Care Capital Properties, Inc. (NYSE: CCP). Eminence Capital, LP, a New York City-based hedge fund, owns 3.9% of Sabra’s common stock. With the announcement that it intends to vote against the Sabra-CCP […]

Shareholders Sue Over Care Capital Properties’ $7.4 Billion Merger with Sabra

The planned $7.4 billion merger of Sabra Health Care REIT, Inc. (Nasdaq: SBRA) and Care Capital Properties, Inc. (NYSE: CCP) has hit a few bumps in the road—none of which particularly worry CCP, however. Specifically, a proposed class action lawsuit has been brought against Chicago-based CCP in Delaware, alleging that the skilled nursing and health care real […]