HCR ManorCare Sells Real Estate Assets for $6.1 Billion

Strategic Insights -

HCR ManorCare, a leading US nursing and assisted living firm, has agreed to sell the majority of its real estate assets to health care real estate investment trust HCP for $6.1 billion. The deal, announced in a joint statement, marks a significant divestment for HCR ManorCare, which is part of private equity firm Carlyle. The sale is expected to have a major impact on the healthcare real estate sector, with HCP benefiting from the acquisition of high-quality assets.

Key Takeaways:

  • The deal involves the sale of most of HCR ManorCare's real estate assets to HCP for $6.1 billion.
  • The acquisition is expected to have a significant impact on the healthcare real estate sector.
  • HCR ManorCare, a US nursing and assisted living firm, is part of private equity firm Carlyle.
  • The sale includes the company's real estate assets, with no mention of operational or management agreements.
  • Citigroup Inc, Wells Fargo & Co, UBS AG, and CSCA Capital Advisors LLC served as advisors to HCP in the transaction.
  • The deal marks a major divestment for HCR ManorCare, with implications for Carlyle, its private equity firm.

Statistics:

  • $6.1 billion: the value of the real estate assets sold by HCR ManorCare to HCP.
  • 6.1bn (EUR4.6bn): the value of the deal in USD and EUR, respectively.
  • 2004-2010: the timeframe during which Comtex News Network, Inc. held the copyright for their SmarTrend system.
  • 2010: the year in which the deal was announced.
  • 11-05-2010: the date on which the SmarTrend Alert system indicated an UPTREND for UTC (now NYSE: HCP) at a price of $4.42.
  • 11-10-2010: the date on which the SmarTrend Alert system indicated a DOWNTREND for HCP at a price of $34.49.
  • 11-01-2010: the date on which the SmarTrend Alert system indicated a DOWNTREND for UBS at a price of $16.69.

Sources:

  • M2 COMMMUNICATIONS
  • C (http://www.m2.com)
  • Comtex SmarTrend Alert
  • Comtex News Network, Inc.