BETHESDA, Md., April 26, 2018 /PRNewswire/ -- Quality Care Properties, Inc. (NYSE: QCP) ("QCP" or the "Company") today announcedthat 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.
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.
Media Joele Frank, Wilkinson Brimmer Katcher Andrew Brimmer / Kelly Sullivan / Aaron Palash (212) 355-4449
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SOURCE Quality Care Properties, Inc.
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