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Quality Care REIT Taking Over HCR ManorCare and its 500 Facilities

Quality Care Properties Inc. (NYSE: QCP) and HCR ManorCare Inc. have reached an agreement for Quality Care to take control over HCR ManorCare, including its skilled nursing, assisted living, hospice and homecare businesses. As part of the agreement, Quality Care will drop its legal claims against HCR ManorCare for deferred and unpaid rent in exchange for 100% equity ownership of HCR ManorCare. The deal also ends Quality Care’s plans to qualify…

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