Sabra Health Care REIT Appoints Katie Cusack to its Board of Directors

Rhea-AI Summary

Sabra Health Care REIT (NASDAQ: SBRA) has appointed Katie Cusack to its Board of Directors. Currently COO of Cornell Capital LLC, Cusack has extensive experience in finance and healthcare, previously working at Credit Suisse and MTS Health Partners. Her appointment is expected to enhance the board's diversity and strength, complementing recent additions like Clif Porter and Ann Kono. CEO Rick Matros praised her unique skill set, emphasizing the company's strong leadership as it enters its second decade. Sabra is a self-administered REIT focused on healthcare real estate investments in the U.S. and Canada.

Positive

• Katie Cusack's appointment is expected to enhance the board's diversity and strength.
• She brings extensive experience from Cornell Capital, Credit Suisse, and MTS Health Partners.
• Recent board additions, including Cusack, Porter, and Kono, broaden skill sets.

Negative

• None.

Sabra Health Care REIT, Inc. (“Sabra”) (Nasdaq: SBRA) today announced the appointment of Katie Cusack to its Board of Directors.

Ms. Cusack currently serves as Chief Operating Officer of Cornell Capital LLC, a $4 billion private investment firm with offices in New York and Hong Kong. From 2007 to 2020, Ms. Cusack served in various capacities at Credit Suisse, including Chief Operating Officer for the Investment Banking Division in both Asia Pacific and Europe, Middle East and Africa, and as the Head of Ultra-High Net Worth Coverage. Prior to joining Credit Suisse, Ms. Cusack served as a Managing Director at MTS Health Partners LP, where she provided strategic advisory services to corporate clients in the health care services industry. She began her banking career at Goldman Sachs in the Mergers & Acquisitions group and Principal Investing Area.

Ms. Cusack serves in a volunteer capacity as a trustee of Hudson Guild, a Chelsea-based settlement house providing social services to over 14,000 New Yorkers.

Ms. Cusack holds an MBA from the University of Chicago Graduate School of Business and a BA in East Asian Studies from Princeton University.

Commenting on Ms. Cusack’s appointment to the Board, Rick Matros, CEO and Chairman, said, “I first became acquainted with Katie when I engaged MTS as an advisor during the Sun Healthcare Group bankruptcy and subsequent restructuring. Since then I have enjoyed watching the journey her career has taken her on. She has been successful with every move she has made. Katie brings a unique skill set and perspective to Sabra and with the recent additions of Clif Porter and Ann Kono to the Board we have materially broadened the depth, strength and diversity of the Sabra Board. As we enter our second decade, and with the promotion of Michael Costa announced today, we believe we are positioned to move forward with a leadership team second to none.”

About Sabra

Sabra 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210112005377/en/

FAQ

Who is Katie Cusack and what is her role at Sabra?

Katie Cusack has been appointed to the Board of Directors at Sabra Health Care REIT, bringing extensive leadership experience from Cornell Capital and Credit Suisse.

What impact might Katie Cusack's appointment have on Sabra's Board?

Cusack's appointment is expected to enhance board diversity and bring fresh perspectives to Sabra as it enters its second decade.

What positions did Katie Cusack hold prior to joining Sabra?

Cusack served as COO at Cornell Capital and held various roles at Credit Suisse, including COO of the Investment Banking Division.

When was Katie Cusack appointed to Sabra's Board of Directors?

Katie Cusack was appointed to Sabra's Board of Directors as announced in the recent press release.

What is Sabra Health Care REIT's main focus?

Sabra Health Care REIT primarily invests in real estate serving the healthcare industry across the U.S. and Canada.