IRVINE, Calif., April 04, 2016 (GLOBE NEWSWIRE) -- Sabra Health Care REIT, Inc. (NASDAQ:SBRA) (NASDAQ:SBRAP) announced today that it has closed on the previously-announced sale of its investments in the Forest Park Medical Center – Frisco hospital. The Company expects to use the proceeds from the sale and repayment of its debtor-in-possession loan investment to repay borrowings under the Company’s revolving credit facility.
Sabra Health Care REIT, Inc. (NASDAQ:SBRA) (NASDAQ:SBRAP), a Maryland corporation, operates as a self-administered, self-managed real estate investment trust (a "REIT") that, through its subsidiaries, owns and invests in real estate serving the healthcare industry. Sabra leases properties to tenants and operators throughout the United States and Canada.
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Source:Sabra Health Care REIT, Inc.