Richard Matros on acquisitions
From Sabra Health Care's CEO Discusses Growth and Future Prospects · · Nareit1
“We can do 100 million in SNF deals tomorrow and it would only up our exposure by less than 1%, so you know we're just in a good place as far as that goes.”
On , Richard Matros, Chairman, President & Chief Executive Officer at SABRA HEALTH CARE REIT INC, spoke about acquisitions during Sabra Health Care's CEO Discusses Growth and Future Prospects on Nareit1.
About Richard Matros
Richard Matros, chairman and CEO of Sabra Health Care REIT, said in a September 2024 interview that the company is focused on earnings growth and is prepared to expand across all its current asset classes, including skilled nursing. He noted that the company’s skilled nursing margins have returned to pre-pandemic levels and that operators are "upbeat for the first time in four years." Matros stated that Sabra issued guidance for the first time since the pandemic and is showing earnings growth for the first time in that period, adding that there is "a really nice runway to growth both in SHOP and in skilled nursing" and that the company is now looking at acquisitions. Matros has also spoken about his personal background and philanthropic activities. In a March 2024 podcast, he discussed his involvement with IsraAID US and other nonprofit organizations, as well as his work with Healing Ink, a project that brings tattoo artists to Israel to work with survivors of terror attacks and veterans. In earlier interviews, Matros described his career path from an activity director in a nursing home to leading a REIT, and emphasized the importance of surrounding oneself with smart people, encouraging creative thinking, and maintaining a flat organizational structure. He has also advocated for greater recognition and support for skilled nursing facilities and their staff, particularly during the pandemic.