Quality Care Properties

Quality Care Properties resolves shareholder lawsuits ahead of merger vote

Quality Care Properties resolves shareholder lawsuits ahead of merger vote

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Less than two weeks before a special meeting at which shareholders will vote on whether to merge with fellow real estate investment trust Welltower, Quality Care Properties announced that it had reached an agreement to resolve two related class action lawsuits.

Quality Care Properties discloses two merger-related lawsuits as potential suitor withdraws

Quality Care Properties discloses two merger-related lawsuits as potential suitor withdraws

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A potential rival to real estate investment trust Welltower's plans to merge with Quality Care Properties has withdrawn its acquisition proposal and no longer is considering a transaction with the company. QCP made the disclosure Monday in a filing with the SEC in which it also revealed two class action lawsuits related to the proposed Welltower merger.

QCP sets July 25 vote on Welltower merger, 'golden parachute' payments

QCP sets July 25 vote on Welltower merger, 'golden parachute' payments

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Quality Care Properties has announced a July 25 date for a special meeting where stockholders are expected to vote on a proposed merger with Welltower and multimillion dollar "golden parachute" payments for some executives.

Welltower merger safe — for now — QCP says, as competitor surfaces

Welltower merger safe — for now — QCP says, as competitor surfaces

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Quality Care Properties said Tuesday that its board continues to recommend that stockholders approve the merger agreement with real estate investment trust Welltower that was announced in April, although it also announced that it is investigating an acquisition proposal from a third party that "could reasonably be expected to lead to a 'superior offer' as defined in the merger agreement."

BREAKING NEWS: Quality Care Properties has new suitor, puts Welltower merger in question

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Quality Care Properties said Tuesday that it is investigating an acquisition proposal that "could reasonably be expected to lead to a 'superior offer' " to the one announced in April with real estate investment trust Welltower.

Welltower CEO defends decision to keep HCR ManorCare leaders

Welltower CEO defends decision to keep HCR ManorCare leaders

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Welltower CEO Tom DeRosa on Wednesday defended the decision to keep HCR ManorCare's leadership team in place as the real estate investment trust gains a stake in the operator through a deal with the ProMedica health system. His remarks came after an attendee at an investor conference called the company a "steaming pile of real estate."

People in the news, May 22

People in the news, May 22

Appointments and promotions at Buckner Retirement Services, Covia, Creating Results, Elder Care Alliance, Five Star Senior Living, Friendship Village, Integrace, Integral Senior Living, National Lutheran Communities & Services, Presby's Inspired Life, Presbyterian Senior Living, Primrose Retirement Communities, Quality Care Properties and Wingate Healthcare.

Welltower, ProMedica to buy HCR ManorCare landlord Quality Care Properties through joint venture

Welltower, ProMedica to buy HCR ManorCare landlord Quality Care Properties through joint venture

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Welltower and ProMedica Health System have formed a joint venture to facilitate the acquisition of HCR ManorCare and Arden Courts real estate assets from their landlord, Quality Care Properties, the real estate investment trust and regional not-for-profit healthcare system announced as Wednesday turned into Thursday.

Court approves HCR ManorCare bankruptcy strategy

Court approves HCR ManorCare bankruptcy strategy

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The prepackaged, $7.1 billion Chapter 11 bankruptcy plan filed in early March by HCR ManorCare, was approved Friday in U.S. Bankruptcy Court in Wilmington, DE.

HCR ManorCare post-bankruptcy plans, including CEO, announced by Quality Care Properties

HCR ManorCare post-bankruptcy plans, including CEO, announced by Quality Care Properties

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Guy Sansone is expected to be the new CEO of HCR ManorCare once the dust settles from a Chapter 11 bankruptcy filing that happened Sunday. Quality Care Properties outlined plans Friday as the REIT announced an agreement that would give it ownership of the operator.

HCR ManorCare edging closer to receivership?

HCR ManorCare edging closer to receivership?

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Quality Care Properties is considering additional legal action against one of the nation's largest assisted living and skilled care operators. The threat comes as unpaid rent payments continue to mount.

Quality Care Properties reduces ManorCare's rent

Quality Care Properties reduces ManorCare's rent

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Quality Care Properties has reduced HCR ManorCare's monthly rent, although ManorCare still expects that it will not be able to pay the full amount, QCP announced in a filing with the Securities and Exchange Commission.

QCP's new deadline for HCR ManorCare is Jan. 15

QCP's new deadline for HCR ManorCare is Jan. 15

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HCR ManorCare now has until Jan. 15 to respond to Quality Care Properties' receivership complaint, QCP announced Monday.

ManorCare CEO steps down, QCP grants more time for receivership response

ManorCare CEO steps down, QCP grants more time for receivership response

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On the same day that HCR ManorCare announced that its president and CEO is stepping down, Quality Care Properties said that it is giving ManorCare more time to respond to its request that an independent receiver be appointed to oversee the company's facilities.

HCR ManorCare says it will contest QCP's receivership request

HCR ManorCare says it will contest QCP's receivership request

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HCR ManorCare said it intends to "vigorously" contest the request that Quality Care Properties made to a California state court that an independent receiver be appointed to oversee ManorCare's assisted living and skilled nursing facilities.

People in the news, April 4

People in the news, April 4

Appointments, transitions and honors involving the American Health Care Association and National Center for Assisted Living, Covenant Retirement Communities, HCP, LCB Senior Living, Masterpiece Living and the National Association for the Support of Long Term Care.

People in the news, Jan. 25

People in the news, Jan. 25

Appointments, promotions, awards and other news from Charles E. Smith Life Communities, Cornerstone Healthcare Group Holding, Erickson Senior Living, HCP, Healthcare Realty Trust, Integrace, LCB Senior Living, LeadingAge New Jersey, Lifespace Communities, Morningside Ministries, the National Investment Center for Seniors Housing & Care, New Perspective Senior Living, Presbyterian Communities and Services, Prestige Care, Sun Health at Home, Welltower, Wesley Homes and more.

HCP spin-off of ManorCare portfolio expected to be final Oct. 31

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HCP expects the spin-off of its HCR ManorCare portfolio into Quality Care Properties, an independent, publicly traded real estate investment trust, to be finalized Oct. 31.

In Focus

July 18

A truckload of charity

Gainesville, FL 

The Village at Gainesville recently donated a truckload of used appliances from its residences to the Bread of the Mighty Food Bank.

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