May
10
HCP to Spin Off HCR ManorCare Portfolio into REIT
ByHCP is spinning off its skilled nursing and assisted living portfolio to focus on its core growth businesses that offer more consistent returns.
Irvine, Calif.—On the heels of its announced CFO departure, HCP Inc. is making headlines again with the news that it is spinning off its HCR ManorCare portfolio of skilled nursing and assisted living facilities into an independent, publicly traded REIT. The company’s board unanimously approved the plan Monday.
At the same time, Mark Ordan was appointed as a senior advisor and will head the new company as CEO…
Copyright © 1999 - 2025 Tony Seruga | All Rights Reserved
Affiliates |
Privacy |
Refunds |
Legal & Policies