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Quality Care Properties Inc (QCP.N)

QCP.N on New York Stock Exchange

14.98USD
22 Nov 2017
Change (% chg)

$0.08 (+0.54%)
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Latest Key Developments (Source: Significant Developments)

Quality Care Properties provides update on HCR ManorCare
Thursday, 2 Nov 2017 04:30pm EDT 

Nov 2 (Reuters) - Quality Care Properties Inc :Quality Care properties provides update on HCR ManorCare.Quality Care - ‍agreed with HCR ManorCare to further extend deadline for HCR ManorCare's response to QCP's receivership complaint to December 1.  Full Article

Quality Care Properties provides update on HCR Manorcare
Thursday, 19 Oct 2017 05:23pm EDT 

Oct 19 (Reuters) - Quality Care Properties Inc ::Quality Care Properties provides update on HCR Manorcare.Quality Care Properties-agreed to further extend deadline for HCR Manorcare response to co's receivership complaint to nov 1,subject to court approval​.Quality Care Properties Inc - ‍HCR Manorcare has indicated to co that it anticipates paying approximately $21 million in rent for october, 2017​.Quality Care Properties Inc - HCR Manorcare has paid about $12.5 million of $21 million rent due for oct 2017‍​.  Full Article

Quality Care Properties provides update on HCR manorcare
Monday, 25 Sep 2017 06:00am EDT 

Sept 25 (Reuters) - Quality Care Properties Inc :Quality Care Properties provides update on HCR manorcare.Quality Care Properties -to extend deadline for HCR ManorCare's response to QCP's receivership complaint to October 18, 2017, subject to court approval.Quality Care Properties Inc - ‍HCR ManorCare informed Co Paul Ormond has stepped down from board, from positions as chairman, CEO of HCR ManorCare​.Quality Care Properties Inc - Steve Cavanaugh​, ‍HCR ManorCare's executive vice president and COO, has been appointed president and CEO of HCR ManorCare.  Full Article

Quality Care Properties provides update on HCR ManorCare
Friday, 21 Jul 2017 06:00am EDT 

July 21 (Reuters) - Quality Care Properties Inc :Quality Care properties provides update on HCR ManorCare.Quality Care Properties - Not got payment of current, past due rent, of about $79.6 million relating to master lease and security agreement dated April 7, 2011​.Quality Care Properties says event of default exists under master lease agreement.Quality Care Properties Inc - ‍QCP continues to be in discussions with HCR ManorCare about event of default and related matters​.Quality Care Properties Inc says it did not assist with or participate in negotiation or closing of any financing by HCR ManorCare​.  Full Article

Quality Care Properties says Quality Care Co, HCR III Healthcare, HCR Manorcare,unable to reach agreement on terms of an out-of-court acquisition
Wednesday, 5 Jul 2017 06:31am EDT 

July 5 (Reuters) - Quality Care Properties Inc :Quality Care Properties - Quality Care Co, HCR III Healthcare, HCR Manorcare,unable to reach agreement on terms of an out-of-court acquisition.Quality Care Properties Inc - As of July 3, QCP has not received its rent payment from HCR Manorcare under - SEC Filing.Quality Care Properties Inc - "Confidential discussions about restructuring alternatives are continuing".  Full Article

Quality Care Properties says seeks forward commitment for acquisition financing at closing up to $400 mln of term debt, $100 mln of L/C support
Thursday, 8 Jun 2017 06:42am EDT 

June 8 (Reuters) - Quality Care Properties Inc ::Quality care properties says seeks forward commitment for acquisition financing at closing up to $400 million of term debt, $100 million of l/c support-sec filing.Quality care properties inc - would like to "have a commitment in place asap, and in any event by June 15".  Full Article

Quality Care Properties provides update on HCR ManorCare agreement
Monday, 5 Jun 2017 06:10am EDT 

June 5 (Reuters) - Quality Care Properties Inc :Quality care properties - on june 2, co received $15 million from hcr manorcare rather than full $32 million in rent required to be paid on june 1 under terms of forbearance agreement.Quality care properties - hcr manorcare informed co amount of rent paid corresponds to amount it believed to be appropriate to pay at this time - sec filing.Quality care properties - has not yet had opportunity to form its own view with respect to recent financial information provided by hcr manorcare.Quality care properties inc - continues to be in discussions with hcr manorcare about its lease default and a potential out-of-court restructuring.Quality care properties inc - believes that an out-of-court restructuring will require a substantial reduction in hcr manorcare's liabilities.Quality care properties - as part of discussions, co is considering all alternatives, including full equity ownership of hcr manorcare.Quality care properties - if equity ownership of hcr manorcare is completed, it is likely to result in co no longer retaining its reit status.Quality care properties - if equity ownership of hcr manorcare is completed, co expects to restructure hcr manorcare's operations to create a sustainable business model.  Full Article

Quality Care Properties Enters into forbearance agreement with HCR ManorCare
Wednesday, 5 Apr 2017 12:00pm EDT 

Quality Care Properties Inc : Entered into a forbearance agreement with its principal tenant, Hcr III Healthcare, Llc and its parent HCR Manorcare . Agreement would require HCR Manorcare to make cash rent payments of $32 million for each of April, May, June of 2017 - SEC filing . Agreement requires HCR Manorcare to deliver 2016 audited financial statements, auditor consent to QCP not later than april 10, 2017 . To provide HCR Manorcare with temporary secured extension of credit of upto $7 million/month during each of april,may, june of 2017 . During agreement's term, co, HCR Manorcare intend to engage in discussions concerning long-term restructuring of master lease terms . 2016 audited financial statements, auditor consent of HCR expected to include 'going concern' exception for HCR Manorcare Further company coverage: [QCP.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

BRIEF-Quality Care Properties provides update on HCR ManorCare

* Quality Care - ‍agreed with HCR ManorCare to further extend deadline for HCR ManorCare's response to QCP's receivership complaint to December 1 Source text for Eikon: Further company coverage:

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