ProMedica Health System And Welltower To Acquire Quality Care Properties In Newly Formed Joint Venture

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Apr 26, 2018
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ProMedica (A1/A+) to Acquire QCP Principal Tenant, HCR ManorCare, and Enter Into New 15-Year Lease With Welltower and ProMedica Property Joint Venture (80/20) with 1.8x EBITDAR Coverage

~8% Yielding $2.2 Billion Investment at Welltower Share

Investment Expected To Provide ~$0.20 Per Share Annual Accretion to Welltower(1)

Joint Venture to Propel ProMedica to be in the top 15 Largest U.S. Health Systems

PR Newswire