October 22, 2020
Business News

Sabra Provides Update on Genesis and Signature Rental Revenue Recognition

IRVINE, Calif.–()–Sabra Health Care REIT, Inc. (“Sabra,” the “Company” or “we”) (Nasdaq: SBRA) provided an update regarding its recognition of rental revenues under leases with Genesis Healthcare, Inc. (“Genesis”) and Signature Healthcare (“Signature”) in light of recent events.

In the Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 that Genesis filed with the Securities and Exchange Commission on August 10, 2020, Genesis stated that the impact of COVID-19 on its future results of operations, its current financial condition and liquidity sources, and uncertainty regarding future governmental funding support raises substantial doubt about its ability to continue as a going…

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