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 Health Care REIT
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 […]
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 […]
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 […]
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 it has led to a decline in Sabra share prices. […]
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 replacing HCP’s current Chief Accounting Officer, Scott Anderson, who is […]
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 […]
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: BKD) had its best quarter in a while from an […]
National Health Investors (NYSE: NHI) is staking its claim as a preferred real estate investment trust (REIT) for regional senior housing providers, content to do smaller deals until the right opportunity comes along to make a bigger splash. “I’d like to take this opportunity to suggest that NHI is becoming a REIT of choice among […]
Following its planned $7.4 billion merger with Care Capital Properties (NYSE: CCP), Sabra Health Care REIT (Nasdaq: SBRA) will be the eighth-largest health care real estate investment trust (REIT) in the country—but that’s not the company’s end goal. Rather, the Irvine, California-based REIT aims to eventually become a far more competitive player in the senior housing deal […]