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Quality Care Properties Considers Abandoning REIT Status to Save Largest Tenant

The company is considering taking over one of its biggest tenants, a struggling skilled nursing facilities operator.

Quality Care Properties, the new health care REIT set up by HCP last year to take the troubled skillled nursing center operator, HCR ManorCare Inc., off its hands, is facing a difficult choice. With HCR ManorCare falling behind in rent and doggedly pursuing an out-of-court restructuring, Quality Care Properties is considering taking over the struggling skilled nursing center operator, which is by far its biggest tenant.

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