An executive swap at the top and interest rate uncertainty surrounding Fed comments contributed to a slower second half of 2013 investments for HCP, Inc. (NYSE: HCP), ultimately leading to a reduced 2014 outlook. Despite HCP beating fourth quarter sales expectations by nearly $20 million, the company downgraded its outlook for 2014 following its earnings […]
Barchester Healthcare
Long Beach, Calif.-based HCP Inc. (NYSE:HCP) recently bought 30% of a United Kingdom nursing home chain’s junior debt, according to Sky News. In the deal, HCP acquired about £175 million (about $264 million USD) of borrowings from Barchester Healthcare’s property arm at a discount from Isobel, a joint venture between private equity firm The Blackstone Group […]
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