Real estate investor trust companies Sabra Health Care and Care Capital Properties signed a definitive agreement for a $7.4 billion all stock merger.
Here are four things to know.
1. The merger would result in a combined healthcare REIT company with a portfolio of more than 560 healthcare investments, according to a news release.
2. The combined healthcare REIT company would boast a pro forma total market capitalization of approximately $7.4 billion and an equity market capitalization of approximately $4.3 billion, the release states.
3. With the merger, Sabra shareholders are expected to own approximately 41 percent of the combined company, while the former CCP shareholders are expected to own the remaining approximately 59 percent.
4. The deal is expected to close during the third quarter of 2017.