Health Care REITs Sabra and Care Capital to Merge in $7.4 Billion Deal

Sabra Health Care REIT, Inc. (Nasdaq: SBRA) and Care Capital Properties, Inc. (NYSE: CCP) said May 7 that they will combine in an all-stock merger to create a company with a pro forma total market capitalization of $7.4 billion.

The new company will operate under the Sabra name. Sabra’s current management team, led by Chairman and CEO Rick Matros, will run the combined company. Ray Lewis, CEO of CCP, will join Sabra’s board of directors.

Source: Reit

Leave a Reply

Your email address will not be published. Required fields are marked *