Sabra -3.8% after acquisition and upsized secondary

• The 5.9M share offering (upsized from 5M) resulted in expected gross proceeds of roughly $149M, suggesting a price of $25.24. The offering comes alongside the acquisition of four SNFs for $234M.
• Source: Press Release
• NASDAQ:SBRA -3.8% premarket to $25.30.
• Previously: Sabra buying nursing facilities for $234M, launching 5M-share offering (June 24)