CCP, Sabra to Create Healthcare Giga-REITBy
Sabra Health Care REIT Inc., of Irvine, Calif., and Care Capital Properties Inc., of Chicago, have agreed to combine in an all-stock merger, the two REITs announced over the weekend.
Retaining the Sabra name, its SBRA ticker symbol on NASDAQ and its headquarters in Irvine, Calif., the combined company is expected to have an equity market capitalization of about $4.3 billion and a pro forma total market cap of about $7.4 billion. The combined company will have a diversified portfolio of 564 investments across 43 states and Canada…
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