IRVINE, CA-Sabra Health Care REIT, Inc., has spent more than $230 million and earmarked another $66 million for an investment in three Texas medical facilities operated by Forest Park Medical Center.
On Tuesday Sabra purchased Forest Park Medical Center - Frisco, a 54-bed acute care hospital located in Frisco, Texas for $119.8 million. This acute care hospital contains 30 inpatient rooms, 14 family suites, 10 ICU beds and 12 operating rooms.
At the same time, Sabra also entered into a $110.0 million mortgage loan secured by Forest Park Medical Center - Dallas, an 84-bed acute care hospital. The loan has a three-year term, bears interest at a fixed rate of 8.0%. Sabre also has an option to purchase the facility securing the Forest Park - Dallas Mortgage Loan for up to $168.0 million.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
