HCP, Inc. (HCP) Will Spinoff HCR ManorCare into Publicly-Traded REIT
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/18/2026
- Wall St slips as higher Treasury yields weigh on sentiment
- Oil pares losses as market weighs Saudi supply concerns, Middle East tensions
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
HCP To Spin Off HCR ManorCare Portfolio Into Independent, Publicly-Traded REIT
May 9, 2016 6:00 AM EDTIRVINE, Calif., May 9, 2016 /PRNewswire/ --Â HCP (NYSE: HCP) today announced that the Company's Board of Directors has unanimously approved a plan to spin off its HCR ManorCare ("HCRMC") portfolio of skilled nursing ("SNF") and assisted living assets, as well as other skilled nursing assets, into an independent, publicly-traded REIT ("SpinCo"). Â
The spin-off transaction will enable HCP to improve its portfolio quality and increase its focus on core growth businesses Senior Housing, Life Science and Medical Office that consist of a diversified group of leading operators and tenants primarily within the private-pay... More
