Davis Polk is advising Bank of America Merrill Lynch as financial adviser to Care Capital Properties, Inc. in connection with its approximately $7.4 billion all-stock merger with Sabra Health Care REIT, Inc. The transaction, which is expected to close during the third quarter of 2017, is subject to customary closing conditions, including receipt of the approval of both Sabra and CCP shareholders.

Care Capital Properties is a healthcare real estate investment trust with a diversified portfolio of triple-net leased properties, focused on the post-acute sector. Sabra Health Care REIT operates as a self-administered, self-managed real estate investment trust that, through its subsidiaries, owns and invests in real estate serving the healthcare industry.

The Davis Polk corporate team includes partner Leonard Kreynin and associate Camila Panama. All members of the Davis Polk team are based in the New York office.

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