Tag Archives: Ventas

HCP’s Quality Care Properties Spinoff Set For The End Of October

HCP ‘s (HCP) board of directors approved the spinoff of Quality Care Properties, a REIT whose portfolio is comprised of skilled nursing and assisted living facilities. At the time of the spin announcement, Quality Care Properties, which was previously known internally as HCR ManorCare, was expected to own over 320 properties with estimated annual rent of about $485… Read More »

Ventas Completes Capital Care Properties Spinoff; Spin Set To Join S&P Midcap 400

Ventas (VTR) completed the spinoff of its skilled nursing facilities into the brand new Care Capital Properties (CCP) yesterday. Shareholders should have received 1 share of CCP for every 4 VTR shares owned. The new company is set to join the S&P 400 Midcap index and will be replacing Omnicare which is in the process of being acquired by… Read More »

Community Health Will Soon Lack A Quorum With Newly Announced Spinoff

Shortly after writing about Ventas’ (VTR) expanding hospital business (and skilled nursing facility spinoff), Community Health Systems (CYH), one of the largest hospital operators in the country, announced plans to spin off 38 of its hospitals along with its hospital management and consulting arm Quorum Health Resources LLC. The new company will take on the Quorum name, except the… Read More »

We Need A Spinoff Stat! Ventas Sets August 17th For Care Capital Spinoff

A new REIT is coming shortly to sate investor’s income needs. The board of directors at ‘diversified’ health care REIT operator Ventas (VTR) approved the spinoff of its acute care and skilled nursing facilities into a new REIT named Care Capital Properties. On August 17th, shareholders as of August 10th will receive one share of Care Capital for every 4… Read More »