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Quality Care Properties, Inc.
Ticker Symbol: QCP* CUSIP: 747545101 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/27/2018
Company's Online Profile
BUSINESS: Quality Care Properties, Inc. is a self-managed and self-administered real estate investment trust (REIT) and one of the nation's largest actively-managed real estate companies focused on post-acute/skilled nursing and memory care/assisted living properties.
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Notes: July 26, 2018 -- Welltower Inc. (NYSE: WELL) announced today the successful close of their joint venture acquisition of Quality Care Properties, Inc. (NYSE: QCP) and its principal tenants, HCR ManorCare and Arden Courts, the nation's second largest provider of post-acute services and long-term care. ____________ Nov. 1, 2016 -- HCP, Inc. (NYSE: HCP) announced today that it has completed the previously announced spin-off of its HCR ManorCare portfolio of skilled nursing and assisted living assets, as well as certain other assets, into Quality Care Properties, Inc. (QCP). QCP is now an independent, publicly-traded, self-managed and self-administered company that will elect to be treated as a real estate investment trust (REIT)._______________7/26/2018 -- Quality Care Properties stockholders overwhelmingly voted in favor of being acquired by fellow real estate investment trust Welltower on Wednesday at a special meeting in Bethesda, MD, where QCP is headquartered. Voting for the merger, which technically is with Welltower subsidiary Potomac Acquisition LLC, were 76,429,143 shareholders, voting against it were 2,895,332, and abstaining were 885,264, according to QCP's Wednesday afternoon filing with the Securities and Exchange Commission. shareholders will receive $20.75 per share as Welltower acquires the assets of QCP for approximately $1.95 billion. In a separate deal, nonprofit health system ProMedica will acquire QCP tenant HCR ManorCare for approximately $300 million in cash and the assumption of $1.1 billion in debt. ManorCare will become a wholly owned indirect subsidiary of QCP.
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Link to IPO Prospectus
Large Cap Stock -
Market Value $1.4 Billion
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 7315 Wisconsin Ave., Suite 250-W, Bethesda, MD 20814 |
| Main Phone Number |
240-223-4680 |
| Fax Number |
Not Available |
| Investor Relations
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240-223-4680
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| CEO - Mark S. Ordan |
CFO - C. Marc Richards |
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