Sabra Health Care REIT, Inc. Announces A Proposed Agreement To Expand Relationship With Recovery Centers Of America; Provides Business Update; Reaffirms 2021 Outlook

Sabra Health Care REIT, Inc. (Sabra) intends to enter into an agreement to expand its relationship with Recovery Centers of America (RCA) and provided a business update. Under the proposed agreement with RCA, Sabra would provide RCA a $325 million mortgage loan secured by eight inpatient addiction treatment centers located in the Northeast and Midwest regions of the U.S. (RCA Mortgage Loan). Six of the centers are stabilized while two properties, opened during the past 12 months, are projected to stabilize in 2022. RCA provides medically supervised detox, inpatient treatment as well as partial hospitalization and intensive outpatient treatment . . .