HCP, Inc. (HCP) Will Spinoff HCR ManorCare into Publicly-Traded REIT
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/25/2026
- Wall St ends mixed as tech megacap declines outweigh upbeat chip outlook
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- IBM surges on unveiling sub-1nm chip technology breakthrough
- 'Long-term deals significant positive for stock:' Analysts react to Micron results
- Two major earthquakes strike Venezuela, killing at least 32 and injuring hundreds
- Needham Starts NeoVolta (NEOV) at Buy
- Rockstar Games opens GTA VI pre-orders, priced at $79.99
- Rubio meets Gulf leaders, pledges security amid Iran deal doubts
- Hertz cuts guidance, announces notes and stock offerings, shares sink
HCP To Spin Off HCR ManorCare Portfolio Into Independent, Publicly-Traded REIT
May 9, 2016 6:00 AM EDTIRVINE, Calif., May 9, 2016 /PRNewswire/ --Â HCP (NYSE: HCP) today announced that the Company's Board of Directors has unanimously approved a plan to spin off its HCR ManorCare ("HCRMC") portfolio of skilled nursing ("SNF") and assisted living assets, as well as other skilled nursing assets, into an independent, publicly-traded REIT ("SpinCo"). Â
The spin-off transaction will enable HCP to improve its portfolio quality and increase its focus on core growth businesses Senior Housing, Life Science and Medical Office that consist of a diversified group of leading operators and tenants primarily within the private-pay... More
