Quality Care Properties, Inc. (NYSE: QCP) today announced that QCP stockholders approved the acquisition of QCP by Welltower Inc. (NYSE: WELL) at a Special Meeting of Stockholders held today in Bethesda, Maryland.
Upon the completion of the merger, QCP stockholders will be entitled to receive $20.75 in cash for each share of QCP common stock. Mark Ordan, QCP's Chief Executive Officer, said, "We thank our stockholders for their support and look forward to completing the merger."
Advisors
Goldman, Sachs & Co. LLC and Lazard are financial advisors to QCP. Wachtell, Lipton, Rosen & Katz is legal advisor to QCP.
About QCP
Quality Care Properties, Inc. is one of the nation's largest actively managed real estate companies focused on post-acute/skilled nursing and memory care/assisted living properties. QCP's properties are located in 28 states and include 243 post-acute/skilled nursing properties, 61 memory care/assisted living properties, a surgical hospital and a medical office building. For more information regarding QCP, visit www.qcpcorp.com.
