IRVINE, Calif., Oct. 22, 2013 (GLOBE NEWSWIRE) -- Sabra Health Care REIT, Inc. ("Sabra," the "Company" or "we") (Nasdaq:SBRA) announced today the completion of three acute care hospital investments sourced by the Neal Richards Group ("NRG"), a developer of premier, physician-owned hospitals under the Forest Park Medical Center brand. These investments create a material shift in our portfolio composition (proforma as of June 30, 2013):
- Our exposure to Genesis decreases from 60.8% to 52.2% of annualized revenues.
- Our exposure to Skilled Nursing/Post Acute facilities decreases from 82.1% to 70.6%.
- Our exposure to Medicare and Medicaid reimbursement decreases from 68.4% to 58.3%.