SUBSCRIBERS
Quality Care seeks funding to buy nursing home chain
Published Fri, Jun 9, 2017 · 09:50 PM
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Hong Kong’s negative equity mortgage cases rise to 20-year high
UK mortgage approvals rise for sixth month to highest since 2022
URA prepares massive site in Sengkang to house new residential estate
Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million
JTC to sell hospitality project being built in Punggol Digital District
Without a game changer, Sentosa Cove condos will continue underperforming