Sabra Health Care REIT Invests $300M In Texas Hospitals

Law360, New York (October 23, 2013, 3:58 PM EDT) -- Sabra Health Care REIT Inc. has invested $230 million into, and set aside another $66 million for, three Forest Park Medical Center acute care centers in Texas, the company announced Tuesday.

Forest Park is attractive as a growing, physician-run hospital company with hotel-grade comfort for patients, Sabra said. The moves also reduce Sabra's exposure to Medicare and Medicaid as well as to nursing home income streams.

"We view both Forest Park's management company, Vibrant Healthcare, and NRG, the development company, as very strong partners that we...
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