Sabra Health Care invests $230M in 3 Texas acute care hospitals

Sabra Health Care (SBRA +1.5%) invests $230M in acute care hospital investments in Fort Worth, Frisco, and Dallas, Texas, and a commitment of up to $66M in construction financing. 2 of the investments are structured as debt with an option to purchase the facilities.

The investments decrease Sabra's exposure to Genesis to 52.2% (from 60.8%), Skilled Nursing/Post Acute facilities to 70.6% (82.1%), and Medicare and Medicaid reimbursement to 58.3% (68.4%).

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