Edition:
United States

Quality Care Properties Inc (QCP.N)

QCP.N on New York Stock Exchange

20.48USD
18 Jul 2018
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$0.02 (+0.10%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Quality Care Says Ormond Entitled To Get About $60.8 Mln Related To Claimed Interest In Frozen Serp‍​
Monday, 5 Mar 2018 09:30am EST 

March 5 (Reuters) - Quality Care Properties Inc ::QUALITY CARE PROPERTIES SAYS HCR MANORCARE CEO PAUL ORMOND ENTITLED TO GET ABOUT $60.8 MILLION RELATED TO CLAIMED INTEREST IN FROZEN SERP‍​ -SEC FILING.QUALITY CARE PROPERTIES - HCR CEO PAUL ORMOND ENTITLED TO GET ABOUT $42 MILLION RELATED TO CLAIMED INTEREST IN SMSPCO.QUALITY CARE PROPERTIES - HCR CEO PAUL ORMOND ENTITLED TO GET ABOUT $9.9 MILLION CASH PAYMENT RELATED TO CLAIMED INTEREST IN SERP REPLACEMENT.  Full Article

Quality Care Properties Inc Files For Non-Timely 10-K
Friday, 2 Mar 2018 10:17am EST 

March 2 (Reuters) - Quality Care Properties Inc ::QUALITY CARE PROPERTIES INC FILES FOR NON-TIMELY 10-K - SEC FILING.QUALITY CARE PROPERTIES INC SAYS EXPECTS TO FILE THE 2017 FORM 10-K ON OR BEFORE MARCH 16, 2018.  Full Article

Quality Care Properties To Take Over Ownership Of HCR Manorcare
Friday, 2 Mar 2018 09:23am EST 

March 2 (Reuters) - Quality Care Properties Inc ::QUALITY CARE PROPERTIES REACHES AGREEMENT WITH HCR MANORCARE TO EFFECT ORDERLY TRANSITION OF SKILLED NURSING, ASSISTED LIVING, HOSPICE AND HOMECARE BUSINESSES TO QCP OWNERSHIP.SAYS ‍HCR MANORCARE, INC. WILL VOLUNTARILY FILE FOR CHAPTER 11 UNDER UNITED STATES BANKRUPTCY CODE IN COMING DAYS​.SAYS QCP AND HCR MANORCARE HAVE AGREED TO EFFECT TRANSACTION THROUGH A PREPACKAGED PLAN OF REORGANIZATION.SAYS ‍BANKRUPTCY COURT APPROVAL FOR HCR EXPECTED DURING Q2.SAYS POST COMPLETION OF TRANSACTION GUY SANSONE IS EXPECTED TO ASSUME ROLE OF HCR MANORCARE'S CEO.SAYS ‍FOLLOWING COMPLETION OF TRANSACTION LAURA LINYNSKY EXPECTED TO SERVE AS HCR MANORCARE'S INTERIM CFO.SAYS HCR ‍TRANSACTION EXPECTED TO BE COMPLETED DURING Q3 OF 2018​.SAYS ‍QCP'S CLAIMS AGAINST HCR MANORCARE WILL BE EXCHANGED AND RELEASED FOR 100% EQUITY OWNERSHIP OF HCR MANORCARE​.SAYS ‍CONCURRENT WITH SIGNING OF PLAN SPONSOR AGREEMENT, HCR MANORCARE MADE A RENT PAYMENT TO QCP OF $23.5 MILLION​.SAYS IN CONNECTION WITH TRANSACTION, QCP EXPECTS TO NO LONGER QUALIFY FOR STATUS AS REAL ESTATE INVESTMENT TRUST.SAYS ‍AT CLOSING OF TRANSACTION, HCR MANORCARE WILL BECOME A WHOLLY-OWNED INDIRECT SUBSIDIARY OF CO​.SAYS ‍EXPECTS TO GET RENT PAYMENTS FROM HCR DURING CHAPTER 11 PERIOD IN ACCORDANCE WITH PROVISIONS OF PLAN SPONSOR AGREEMENT​.SAYS CONTROLLING STOCKHOLDERS OF HCR MANORCARE HAVE SIGNED A RESTRUCTURING SUPPORT AGREEMENT IN SUPPORT OF TRANSACTION.  Full Article

Quality Care Properties Enters Forbearance Agreement & Amendment To Master Lease & Security Agreement With HCR III, Its Parent
Tuesday, 26 Dec 2017 07:20am EST 

Dec 26 (Reuters) - Quality Care Properties Inc ::QUALITY CARE PROPERTIES- ON DEC 22,CO, UNITS ENTERED FORBEARANCE AGREEMENT & AMENDMENT TO MASTER LEASE & SECURITY AGREEMENT WITH HCR III, ITS PARENT.QUALITY CARE PROPERTIES - AGREEMENT AMENDS MASTER LEASE & SECURITY AGREEMENT, DATED APRIL 7, 2011 - SEC FILING.QUALITY CARE PROPERTIES INC - AGREEMENT TO REDUCE MONTHLY CASH RENT TO $23.5 MILLION DURING NOV 30 TO NOV 30, 2018.  Full Article

Quality Care Properties Provides Update On Hcr Manorcare
Monday, 4 Dec 2017 06:00am EST 

Dec 4 (Reuters) - Quality Care Properties Inc ::QUALITY CARE PROPERTIES PROVIDES UPDATE ON HCR MANORCARE.QUALITY CARE PROPERTIES INC- RECEIVED $19 MILLION IN RENT FROM HCR MANORCARE FOR NOVEMBER 2017.QUALITY CARE PROPERTIES - ‍AGREED WITH HCR MANORCARE TO EXTEND DEADLINE FOR MANORCARE'S RESPONSE TO CO'S RECEIVERSHIP COMPLAINT TO JAN 15, 2018.  Full Article

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

BRIEF-Quality Care Properties Says To Receive Reverse Termination Fee Of $250 Mln If Promedica Fails To Acquire HCR Manorcare In Bankruptcy Proceeding

* QUALITY CARE PROPERTIES - CO TO RECEIVE REVERSE TERMINATION FEE OF $250 MILLION IF PROMEDICA FAILS TO ACQUIRE HCR MANORCARE IN BANKRUPTCY PROCEEDING

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