Less than a year after spinning off from HCP Inc. (NYSE: HCP), skilled nursing real estate investment trust (REIT) Quality Care Properties (NYSE: QCP) could be setting the table for big changes related to its struggling primary tenant, HCR ManorCare. One option could be the REIT taking a larger equity stake in the beleaguered skilled nursing operator. Maryland-based […]
Quality Care Properties
Health care real estate investment trusts (REITs) underwent major refocusing last year, creating skilled nursing cast-offs, spinoffs and pure plays. Now, skilled nursing has slipped away from senior housing-focused REITs and is up for another year of challenges. While the rest of the health care system inches toward integration amid the ongoing shift toward value-based care, […]
Following a year of several high-profile leadership changes, HCP Inc. (NYSE: HCP) announced on Monday it has named Peter Scott as its new executive vice president and CFO, effective Feb. 13. Scott is set to replace Tom Herzog in the chief financial officer role. Irvine, California-based HCP, one the largest senior housing real estate investment […]
The decision by Kindred Healthcare (NYSE: KND) to get out of the skilled nursing facility sector might seem like a drastic move to free the company from a major drag on its financial performance. But that’s not the story that executives at Kindred and Ventas Inc. (NYSE: VTR), one of Kindred’s major landlords, were telling […]
The skilled nursing spin-off of real estate investment trust HCP Inc. (NYSE: HCP) officially has been completed and is set to begin regular trading on Nov. 1. While early trading will send some signals about what investors think of the spin-off, the success for Irvine, California-based HCP and its new entity, Quality Care Properties (QCP), will be determined […]
HCP Inc. (NYSE: HCP) is confident that Halloween won’t be too spooky for the spin-off of its skilled nursing assets into a new real estate investment trust (REIT). HCP’s board of directors has approved the previously announced spin-off, which now is expected to occur on or about Oct. 31. Shares of Quality Care Properties, Inc. (QCP) would […]
After announcing it would spin off its struggling skilled nursing portfolio and introduce a new leadership team, HCP Inc. (NYSE: HCP) is marching on, calling its new phase “HCP 3.0.” “They have a purpose,” Mike McKee, executive chairman of HCP and interim president and CEO, said of the recent major changes at the real estate […]
As far as HCP Inc. (NYSE: HCP) is concerned, it is a Phoenix rising from the ashes. And following Monday’s news that the Irvine, California-based health care real estate investment trust (REIT) is moving on from former CEO Lauralee Martin, the company feels the time is right to introduce a new generation of leadership for […]
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