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Home>HCP Amends Lease with HCR ManorCare

HCP Amends Lease with HCR ManorCare

3party Content

Mon, 30 Mar 2015

By Angela Chen HCP has agreed to reduce the rent of HCR ManorCare Inc. by $68 million annually in exchange for ownership in nine new facilities owned by HCR ManorCare. Ohio-based HCR ManorCare will now pay $473 million in rent each year, starting April 1, instead of $541 million. The agreement
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