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Quality Care seeks funding to buy nursing home chain

Published Fri, Jun 9, 2017 · 09:50 PM
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Tennessee

QUALITY Care Properties Inc, one of the largest US healthcare landlords, said on Thursday it is meeting with lenders to discuss up to US$500 million in funding to acquire its main tenant, No 2 US nursing home chain HCR ManorCare.

HCR, which accounts for nearly all of Quality Care's revenues, failed to make a full rent payment in June. It owes about US$300 million in past rent, the landlord said in a regulatory filing.

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