California’s Sabra Acquires Five Senior Care Facilities For $40.2 Million

Circle Connections: Mergers & Acquisitions Sabra Health Care REIT, Inc. acquired five senior care properties in Texas and Minnesota in two transactions for a total of $40.2 million. The Texas portfolio consists of three skilled nursing facilities and one assisted living community. The other acquisition was for a skilled nursing facility in Minnesota. Sabra funded the transactions with available cash and proceeds from its secured revolving credit facility. The REIT exercised a purchase option on the Texas portfolio to complete the acquisition from Meridian Senior Properties Fund. The facilities, with a total of 394 beds, are located in the . . .