Sabra Health Care, Care Capital Properties Agree to Merge, Create $7.4B REIT

IRVINE, Calif., and CHICAGO — Sabra Health Care REIT (NASDAQ: SBRA) and Care Capital Properties Inc. (NYSE: CCP) are joining forces to create a healthcare REIT with a pro forma total market capitalization of roughly $7.4 billion and an equity market capitalization of roughly $4.3 billion. The all-stock transaction is expected to close during the third quarter of 2017.

Acts CEO Mark Vanderbeck Passes Away Suddenly

WEST POINT, Pa. — J. Mark Vanderbeck, CEO of Acts Retirement-Life Communities and a longtime leader in the nonprofit seniors housing industry, has passed away. His age and the cause of death were not disclosed, but Acts described the passing as “sudden.”

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