Sabra Health to sell Senior Care Centers portfolio

|About: Sabra Health Care REIT, Inc. (SBRA)|By:, SA News Editor

Sabra Health (SBRA +0.2%) agrees to sell 36 Skilled Nursing facilities and two Senior Housing communities owned by SBRA, currently operated by Senior Care Centers, for $385M

During the September 30, 2018, Senior Care Centers were issued notices of default and lease termination due to non-payment of rent

On December 4, 2018, Senior Care Centers filed a petition for relief under Chapter 11

The sale is expected to complete in early 2019.

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