BETHESDA, Md., April 26, 2018 /PRNewswire/ -- Quality Care
Properties, Inc. (NYSE: QCP) ("QCP" or the "Company") today
announced that it will host a conference call and webcast at
11:00 a.m. ET today, April 26, 2018, to discuss the definitive
agreements the Company has reached with ProMedica and
Welltower.
To listen, please dial (866) 610-1072 (domestic) or (973)
935-2840 (international) and reference the access code 8178077. A
replay of the call will be available from 2:00 p.m. ET on April 26,
2018 until 11:30 p.m. ET on
May 2, 2018. To access the replay,
please dial (800) 585-8367 (domestic) or (404) 537-3406
(international) and reference the access code 8178077. The webcast
will be available on the Events and Presentations section of the
QCP website at www.qcpcorp.com.
About QCP
Quality Care Properties, Inc. is one of the nation's largest
actively managed real estate companies focused on
post-acute/skilled nursing and memory care/assisted living
properties. QCP's properties are located in 29 states and include
257 post-acute/skilled nursing properties, 61 memory care/assisted
living properties, a surgical hospital and a medical office
building. For more information regarding QCP, visit
www.qcpcorp.com.
Safe Harbor Statement
Certain statements in this press release that are not historical
statements of fact may be deemed "forward-looking
statements." The Company and HCR ManorCare intend to have
their forward-looking statements covered by the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
and include this statement for purposes of complying with those
provisions. Forward-looking statements include, among other
things, statements regarding the Company's or HCR ManorCare's
intent, belief or expectations. In particular, we note that
statements regarding the prepackaged plan of reorganization, the
events and transactions contemplated by the Plan Sponsor Agreement,
including HCR ManorCare's contemplated voluntary filing under
Chapter 11 of the United States Bankruptcy Code, are
forward-looking statements. No assurance can be given that
the Company will consummate the transactions with HCR ManorCare in
a timely manner or at all, that the terms of any such transactions
ultimately approved by the bankruptcy court will be favorable to
us, that the Company will succeed in transitioning leadership and
ownership in HCR ManorCare, in recapitalizing HCR ManorCare and in
providing stability and flexibility to better react to today's
rapidly changing post-acute care industry, that the Company will
continue to receive rent payments from HCR ManorCare during the
Chapter 11 period, or that HCR ManorCare will be able to
successfully exit its Chapter 11 bankruptcy. See "Risk Factors" in
the Company's most recent Annual Report on Form 10-K and its SEC
filings for extensive discussion regarding the risks to the Company
from its association with HCR ManorCare. These filings are
available on the Company's website at www.qcpcorp.com and at
www.sec.gov.
Forward-looking statements speak only as of the date of this
press release. Except as may be required under the federal
securities laws and the rules and regulations of the Securities and
Exchange Commission, the Company expressly disclaims any obligation
to release publicly any updates or revisions to any forward-looking
statements.
Contacts
Media
Joele
Frank, Wilkinson Brimmer Katcher
Andrew Brimmer / Kelly Sullivan / Aaron Palash
(212) 355-4449
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SOURCE Quality Care Properties, Inc.