A giant new skilled nursing-assisted living chain was given birth in August, when shareholders of Sabra Health Care REIT and Care Capital Properties voted to approve a deal that would combine the two into one real estate investment trust.
Care Capital Properties and Sabra Health Care REIT will join forces to create a "premier" healthcare real estate investment trust, the companies announced in May.
Aviv REIT Inc. netted nearly $279 million in an initial public offering of common stock. The Chicago-based company first tried to go public in 2008 but was stopped by the economic crisis, and a 2009 attempt was met with investor resistance.
Stocks of the real estate investment trusts that serve nursing homes have been on a downward slide since July's announcement of a $3.87 billion cut in Medicare reimbursements.