Senior Care Centers agrees to settlement of Sabra Health Care claims

By Caroline Salls

Pittsburgh, Feb. 25 – Senior Care Centers, LLC entered into a claim settlement with Sabra Health Care REIT, Inc., according to a Sabra release dated Sunday.

Sabra said it agreed to discharge its claims against Senior Care Centers in exchange for settlement payments, a portion of which would be applied to pay post-bankruptcy rent totaling $5.7 million.

Under the settlement, which is subject to approval of the U.S. Bankruptcy Court for the Northern District of Texas as part of Senior Care Centers’ Chapter 11 case, Sabra said the payments are expected to coincide with the April 1 closing of an asset sale.

Senior Care Centers is a Dallas-based, skilled nursing and long-term care industry leader in Texas and Louisiana. The company filed bankruptcy on Dec. 4, 2018 under Chapter 11 case number 18-33967.

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