Sabra Health Care raises 2026 guidance amid tenant, mortgage moves
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Sabra Issues Business Update and Increases Full-Year 2026 Guidance
July 21, 2026 9:05 AM EDTTUSTIN, Calif.--(BUSINESS WIRE)-- Sabra Health Care REIT, Inc. (Sabra, the Company or we) (Nasdaq: SBRA) today announced a business update detailed below.
Portfolio Update
Sabra has entered into letters of intent to re-tenant all of its 26 properties leased to Avamere (Avamere). Under the proposed transition, 22 properties would be transitioned to subsidiaries of Cascadia Healthcare (Cascadia), a leading diversified healthcare operator concentrated in the Pacific Northwest with approximately 80 facilities pro forma for this announcement. Founded in 2015 by CEO, Owen Hammond, who was previously the President of Signum Healthcare, a subsidiary of the Ensign Group... More
