IrvHealth Care To Pay $234 million For Four Maryland Skilled Nursing Homes

Irvine-based Sabra Health Care REIT, Inc. has purchased four skilled nursing facilities in Maryland for $234 million, the company announced Wednesday.

Sabra gained 678 licensed beds from the deal. The facilities specialize in transitional care, patients on ventilators and dialysis, and ones with complicated post-surgical needs.

“We had first looked at this portfolio a few years ago and were very impressed with the team,” said Rick Matros, CEO and chairman of Sabra.

Closing on the acquisition of three of the facilities is expected to happen by the end of the month. The deal for the fourth facility will close after Sabra assumes the group’s $10.8 million HUD loan.

Sabra is a real estate investment trust that invests in health care industry real estate through subsidiaries.

The deal for the four skilled nursing homes will raise Sabra’s total investments so far this year to $406.5 million.

By The Orange Country Register

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