Sabra Health Care REIT (Nasdaq: SBRA), in a Monday statement to shareholders, said it will use an $11.9 million letter of credit to fund rent for Avamere Family of Companies from September through November. Wilsonville, Ore.-based Avamere leases 27 skilled nursing facilities and one continuing care retirement community (CCRC) with Sabra. The portfolio made up […]
Recovery Centers of America
As millions of Americans grapple with opioid abuse disorders, skilled nursing facilities are attractive locations for drug treatment facilities. With more than 2 million people in the U.S. having a substance abuse disorder, according to the Department of Health and Human Services (HHS), the demand for care is spiking. “There’s this huge need for additional […]
Construction: Planned Non-Profit’s Plan for $70 Million CCRC in N.H. Moves Forward A non-profit’s plan to build a new 222-unit continuing care retirement community (CCRC) in Durham, N.H., is steadily moving forward. RiverWoods Group is planning to build the CCRC on an 11-acre plot in the city, Foster’s Daily Democrat reported. As planned, the CCRC would […]
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