SBRA
Sabra Health CareยทNASDAQ
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SBRA Profile
Sabra Health Care Reit, Inc.
A REIT that owns and invests in real estate serving the healthcare industry throughout the United States and Canada
1781 Flight Way, Tustin, CA 92782
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Sabra Health Care Reit, Inc., a wholly-owned subsidiary of Sun Healthcare Group Inc, was established on May 10, 2010, which provides nursing, rehabilitation and related professional medical services to high-end people in the United States. Under a restructuring plan of Old Sun, Old Sun restructured its business by splitting its real estate assets and operating assets into two separate public companies, Sabra and SHG Services Inc (renamed Sun Healthcare Group, Inc., or Sun). In order to effectively restructure, Old Sun distributes to its shareholders all of Sun's outstanding common shares on a pro rata basis (this distribution is called a "separation "), plus an additional cash distribution. At the end of Separation, Old Sun was quickly merged into Sabra, with Sabra as the surviving business after the merger, and Old Sun shareholders exchanged Old Sun common stock for Sabra common stock (the merger was called the "REIT Conversion Merger ").
