Press Releases
NEW YORK, Aug. 10, 2017 /PRNewswire/ -- S&P SmallCap 600 constituent Sabra Health Care REIT Inc. (NASD: SBRA) will replace Care Capital Properties Inc. (NYSE: CCP) in the S&P MidCap 400, and Barracuda Networks Inc. (NYSE: CUDA) will replace Sabra Health Care REIT in the S&P SmallCap 600 effective prior to the open on Thursday, August 17. Sabra Health Care REIT is acquiring Care Capital Properties in a deal expected to be completed soon pending final closing conditions. The post merged Sabra Health Care REIT will be more representative of the mid-cap market space.
Sabra Health Care REIT, operating as a real estate investment trust, owns and invests in real estate properties for the healthcare industry. Headquartered in Irvine, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Health Care REITs Sub-Industry index.
Barracuda Networks designs and delivers security and data protection solutions. Headquartered in Campbell, CA, the company will be added to the S&P SmallCap 600 GICS Systems Software Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – August 17, 2017 | |||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
ADDED |
Sabra Health Care REIT |
Real Estate |
Health Care REITs |
DELETED |
Care Capital Properties |
Real Estate |
Health Care REITs |
S&P SMALLCAP 600 INDEX – August 17, 2017 | |||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
ADDED |
Barracuda Networks |
Information Technology |
Systems Software |
DELETED |
Sabra Health Care |
Real Estate |
Health Care REITs |
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