LTC Does Not Expect Financial Fallout from Preferred Care Bankruptcies

Under pressure from an onslaught of personal injury lawsuits, more than two-dozen skilled nursing facilities (SNFs) affiliated with Preferred Care Partners Management Group are seeking Chapter 11 bankruptcy protection. One of Preferred Care’s landlords is LTC Properties Inc. (NYSE: LTC), a real estate investment trust (REIT) based in Westlake Village, California. The REIT–which also is […]