Welltower, Inc. (WELL) PT Lowered to $60 at RBC Capital
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QCP Enters into Definitive Agreements with ProMedica and Welltower
April 26, 2018 12:01 AM EDTBETHESDA, Md., April 26, 2018 /PRNewswire/ --Â Quality Care Properties, Inc. (NYSE: QCP) ("QCP") today announced that it has entered into an agreement with ProMedica Health System, Inc. ("ProMedica"), under which ProMedica will assume the rights and obligations of QCP pursuant to the original plan sponsor agreement between QCP and HCR ManorCare Inc. ("HCR ManorCare") entered into on March 2, 2018. As a result, ProMedica will acquire HCR ManorCare at the completion of HCR ManorCare's Chapter 11 bankruptcy process.
Separately, QCP entered into a definitive agreement to be acquired by Welltower Inc. (NYSE:... More
Welltower Reports First Quarter 2018 Results
April 26, 2018 12:00 AM EDTTOLEDO, Ohio, April 25, 2018 /PRNewswire/ --Â Welltower Inc. (NYSE: WELL) today announced results for the quarter ended March 31, 2018. For the quarter, we generated net income attributable to common stockholders of $1.17 per share and normalized FFO attributable to common stockholders of $0.99 per share.
Quarterly Highlights
Delivered $137 million of pro rata development projects with an expected stabilized yield of 9.3%... More