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Stock impact report

CareTrust REIT Grows Again in Southern California

CareTrust REIT, Inc (CTRE)  More Company Research Source: GlobeNewswire
Last caretrust reit, inc earnings: 2/20 04:34 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.caretrustreit.com/investor-relations
PDF SAN CLEMENTE, Calif., May 04, 2021 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that it acquired El Centro Post-Acute Center, a 123-bed skilled nursing facility located adjacent to the El Centro Regional Medical Center in El Centro, California. The facility has been added to CareTrust’s existing master lease with San Diego-based Bayshire Senior Communities, which sourced the off-market transaction and turned to CareTrust to finance and close the deal. Bayshire’s Chief Executive Officer, Scott Kirby, scooped up the El Centro opportunity after the facility had fallen out of contract with a previous buyer. “The seller had aggressive timing expectations after suffering through significant turnover within their management team, a recent COVID outbreak, the general fatigue of operating the facility for 20+ years and a sale transaction that went south,” said Mr. Kirby. “I immediately called CareTrust because their experience as former operators made them the only [Read more]
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