Sabra Health Care REIT’s (Nasdaq: SBRA) definitive agreement to purchase a 49% equity interest in a joint venture that owns 183 senior housing communities clarifies exactly how Sabra plans to grow, according to company CEO Rick Matros.
“Everybody was freaking out,” Matros explained to Skilled Nursing News, referencing certain investors’ reactions to Sabra’s recently approved merger with skilled nursing REIT Care Capital Properties (NYSE: CCP). Some of those critics wanted to know whether the CCP merger meant Sabra would pivot to focus primarily on skilled nursing, or whether the REIT would truly commit to being a diversified organization going forward.
“This answers the question, doesn’t it?” Matros said.
Written by Mary Kate Nelson