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KM Financial Solutions | Quality Care cuts rents for struggling nursing home chain ManorCare
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Quality Care cuts rents for struggling nursing home chain ManorCare

25 Dec Quality Care cuts rents for struggling nursing home chain ManorCare

Posted at 17:57h in News by
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CHICAGO, Dec 26 (Reuters) – Healthcare property owner
Quality Care Properties Inc has agreed to cut rents for
HCR ManorCare but said the U.S. nursing home chain, which
already owes more than $300 million in back rent, has
acknowledged it will struggle to pay even the reduced amount,
according to a regulatory filing on Tuesday.

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