TRMC at Sunnyvale is leased pursuant to a long-term, triple-net lease to Texas Regional Medical Center Ltd, a partnership that includes approximately 75 physicians who practice at the hospital.
The purchase price is $62.7 million. Sabra expects the transaction to close in the second quarter of 2011.
Read the release on Sabra Health Care REIT and Texas Regional Medical Center.
Read more coverage on hospital transactions:
– New Jersey’s Newton Memorial, Atlantic Health Merger Official
– Illinois’ Central DuPage, Delnor Merger Complete
– Virginia’s Mary Washington Healthcare and University of Virginia Health Form Partnership
