On Tuesday, Sabra Health Care REIT (Nasdaq: SBRA) announced it had entered into a definitive agreement to acquire a 49% equity interest in a joint venture that owns 183 senior housing communities managed by Chicago-based operator Enlivant. The move is a “proverbial strategic win-win-win” for Read More »
Sabra to Acquire 49% Stake in $1.62 Billion Enlivant Portfolio
Sabra Health Care REIT (Nasdaq: SBRA), which became the eighth-largest health care real estate investment trust (REIT) in the U.S. after a recent mega-merger, has plans to get even bigger. The Irvine, California-based REIT has entered into a definitive agreement to purchase a 49% equity Read More »
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. Read More »
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, Read More »
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 Read More »
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 Read More »
Hedge Fund Pushes Sabra Shareholders To Reject $7.4 Billion Merger
The proposed $7.4 billion merger of Sabra Health Care REIT, Inc. (Nasdaq: SBRA) and Care Capital Properties, Inc. (NYSE: CCP) has received another negative response, now from shareholder Hudson Bay Capital Management. The New York-based hedge fund advised Sabra stakeholders to vote against the transaction because Read More »
Movers & Shakers: HCP, Sabra Name New Executives
HCP Names New Senior Vice President and Chief Accounting Officer California-based real estate investment trust (REIT) HCP (NYSE: HCP) named Shawn Johnston to the role of vice president and chief accounting officer, the company announced. Johnston starts his new job on Aug. 15. Johnston is Read More »
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 Read More »
Monday Jump-Start: Brookdale Sale Rumors Continue
Senior living communities across the country celebrated Mother’s Day on Sunday, with teas, fundraisers, and even more creative events. This year, Mother’s Day came after a big news week for the industry, led by a $7.4 billion merger. Also making headlines, Brookdale Senior Living (NYSE: Read More »
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