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Sabra Announces Raymond J. Lewis Has Resigned from its Board of Directors

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Rhea-AI Summary

On February 7, 2022, Sabra Health Care REIT announced the resignation of Raymond J. Lewis from its Board of Directors. CEO Rick Matros acknowledged Lewis's significant contributions, particularly during the merger with CCP. Lewis expressed gratitude and confidence in Sabra's leadership to face post-COVID challenges. Sabra is a self-administered, self-managed REIT focused on real estate in the healthcare sector across the US and Canada.

Positive
  • Rick Matros praised Raymond J. Lewis for his invaluable contributions.
  • Lewis expressed confidence in Sabra's leadership to navigate post-COVID challenges.
Negative
  • Raymond J. Lewis's resignation could raise concerns about continuity in the Board.

IRVINE, Calif.--(BUSINESS WIRE)-- Sabra Health Care REIT, Inc. (“Sabra,” the “Company” or “we”) (Nasdaq: SBRA) announced that Raymond J. Lewis resigned from the Company’s Board of Directors on February 7, 2022.

Rick Matros, CEO and Chairman of Sabra, said, “Ray has been a fantastic Board member and his contribution to Sabra is invaluable and greatly appreciated. As most know, Ray was the CEO of CCP and it was a pleasure working with him on the merger of our two companies and developing a friendship I will always cherish.”

Mr. Lewis stated, “I want to thank Rick, my fellow board members, and the entire Sabra team for the opportunity to serve on the Sabra board. As I step aside to focus on other business priorities, I am confident that Sabra has the leadership to navigate challenges of Covid and position the Company to thrive as we emerge from the pandemic.”

About Sabra

Sabra Health Care REIT, Inc., a Maryland corporation, operates as a self-administered, self-managed real estate investment trust (a "REIT") that, through its subsidiaries, owns and invests in real estate serving the healthcare industry throughout the United States and Canada.

Investor & Media Inquiries: 1-888-393-8248 or investorinquiries@sabrahealth.com

 

Source: Sabra Health Care REIT, Inc.

FAQ

Who resigned from the Sabra Health Care REIT Board?

Raymond J. Lewis resigned from the Board on February 7, 2022.

What reasons did Raymond J. Lewis give for resigning?

Lewis stepped aside to focus on other business priorities.

How might Raymond J. Lewis's resignation impact Sabra Health Care REIT?

Concerns about continuity in the Board and its decision-making processes may arise.

Who acknowledged Raymond J. Lewis's contributions to Sabra Health Care REIT?

CEO Rick Matros expressed appreciation for Lewis's contributions.

What is Sabra Health Care REIT's focus?

Sabra operates as a self-administered, self-managed REIT in the healthcare real estate sector.

Sabra Healthcare REIT, Inc.

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