Two Healthcare REITS, Sabra Health Care (SBRA) and Care Capital Properties Inc. (CCP) have agreed to merge into one combined company. A combined merger worth 7.4 Billion dollars. Sabra shareholders will own approximately 41% and Care Capital shareholders will own approximately 59% of the new company.
Care Capital (CCP) shareholders will receive 1.123 shares of Sabra stock for each share of Care Capital they currently own.
Expected completion of the merger will occur in the 3rd quarter of 2017.
For more information – Press Release
Related Article : Capital Care Properties Acquires Behavioral Health Facilities