QCP Further Extends ManorCare Receivership Deadline to Dec. 1

BETHESDA, Md. — Quality Care Properties Inc. (NYSE: QCP), a Bethesda-based seniors housing owner, has agreed to extend the deadline to Dec. 1 for seniors housing operator HCR ManorCare to respond to QCP’s receivership complaint.

This is the third deadline extension since the planned receivership complaint was announced in August. The extension will allow the two companies to continue possible negotiations.

According to QCP, HCR ManorCare continues to be in default under the master lease agreement. QCP is attempting to put ManorCare into receivership for $385 million in unpaid rents.

QCP’s properties are located in 29 states and include 257 skilled nursing properties, 61 memory care/assisted living properties, a surgical hospital and a medical office building.

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