Manor Care HCR

… annualized revenue is contributed from its $6.1 billion HCR ManorCare acquisition, which isn't same-store. On the management ..... call, HCP's chief investment officer disclosed that HCR ManorCare 's fixed charge coverage had tailed off to 1.37 times …

… narrow economic moat. However, HCP's acquisition of HCR Manorcare 's real estate assets in 2011 has changed its modus ..... diversified health-care REITs, HCP has come to rely upon HCR Manorcare for approximately a third of its property-level rent …

… essentially flat on a sequential basis, so we think there are no meaningful near-term risks to rent collectability. Its HCR ManorCare fixed charge coverage, in advance of the first quarter of Medicare reimbursement adjustments, also appears fair at …

… truck on a different skilled nursing firm. Though coverage levels across the operating firms in question, Kindred, HCR ManorCare , and Genesis, were good prior to the reimbursement cut and should remain healthy afterward, we're concerned about …

… relationship, and its largest acquisition of 2011, HCR ManorCare , is not included in the same-store metrics. Owing ..... significantly. According to HCP, its underwriting with HCR ManorCare did not assume the transitory benefit, and with quite …

… our concerns regarding its large HCR Manorcare acquisition and the real estate ..... However, HCP's acquisition of HCR Manorcare 's real estate assets in 2011 ..... REITs, HCP has come to rely upon HCR Manorcare for more than a third of its property …