Senior care landlord Sabra Health Care is trimming back the handful of properties it plans to sell out from under a troubled tenant.
In December, the Irvine, CA, company announced plans to sell 36 skilled nursing and two assisted living facilities for $385 million, days after Dallas-based Senior Care Centers filed for bankruptcy. Sabra said in January it would sell 28 centers and lease the other 10 to new operators. The amended sale price is $282.5 million.
Sabra said it hopes to complete the sale and operator transition by April 1.
From the March 1, 2019 Issue of McKnight's Long-Term Care News
