Another merger announced: Sabra Health Care and Care Capital Properties to merge
Sabra Health Care REIT and Care Capital Properties plan to combine in an all-stock merger that will create a combined company with a pro forma total market capitalization of approximately $7.4 billion and an equity market capitalization of approximately $4.3 billion.
Upon closing of the merger, Sabra shareholders are expected to own approximately 41 percent and the former CCP shareholders are expected to own approximately 59 percent of the combined company.
The merger is expected to close during the third quarter of 2017.
The merger of Sabra and CCP brings together two companies with complementary properties, creating a unique healthcare portfolio of 564 investments. The combined company will have 70 relationships across 43 states and Canada.
Upon completion of the merger, the company will operate under the Sabra name and its common stock will be listed under the ticker symbol SBRA (NASDAQ).
Other recent mergers include: