reit

IRVINE, CA–(Marketwire – November 15, 2010) – SHG Services, Inc. (“New Sun”) ( NASDAQ : SUNHD ), today announced that the previously announced plan of its former parent company, Sun Healthcare Group, Inc. (“Old Sun”), to restructure Old Sun’s business by separating Old Sun’s operating assets and its real estate assets into two separate publicly traded companies has been completed. Pursuant to this plan, Old Sun separated its operating assets by means of a spin-off transaction pursuant to which Old Sun distributed to its stockholders on a pro rata basis (the “Distribution”) all of the outstanding shares of common stock of New Sun. Old Sun then merged (the “REIT Conversion Merger”) with and into its wholly owned subsidiary, Sabra Health Care REIT, Inc. (“Sabra”). Immediately following the REIT Conversion Merger, New Sun was renamed Sun Healthcare Group, Inc. New Sun owns all of Old Sun’s former operating subsidiaries