Quantcast
Channel: Daily Bankrupt Company Updates | Bankrupt Company News
Viewing all articles
Browse latest Browse all 4593

HCR ManorCare to File Bankruptcy

0
0

On March 2, 2018, Quality Care Properties, Inc. (QCP) and HCR ManorCare, Inc. announced that they have reached an agreement to transition the ownership and leadership of HCR ManorCare, including its skilled nursing, assisted living, hospice and homecare businesses to QCP. QCP and HCR ManorCare have agreed to effect this transaction through a prepackaged plan of reorganization pursuant to a Plan Sponsor Agreement entered into between the parties. HCR ManorCare, Inc., the parent holding company for the HCR ManorCare operating businesses, will voluntarily file for Chapter 11 under the U.S. Bankruptcy Code in the coming days. The transaction is expected to recapitalize HCR ManorCare and provide stability and flexibility to better react to today’s rapidly changing post-acute care industry. Under QCP’s ownership and with new leadership, HCR ManorCare will continue to focus on providing superior patient care in this vital sector of healthcare. Read more on distressed companies.

The post HCR ManorCare to File Bankruptcy appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


Viewing all articles
Browse latest Browse all 4593

Latest Images

Trending Articles





Latest Images