- Sector
- Real Estate
- Industry
- REIT - Healthcare Facilities
- Address
-
- IPO Date
- Oct 20, 2016
- Business
- Quality Care Properties, Inc. (NYSE: QCP) operates as a self-managed real estate investment trust focused on owning and leasing healthcare properties, including post-acute and skilled nursing facilities; memory care and assisted living properties; surgical hospitals; and medical office buildings across 29 states in the United States. The company maintains a portfolio comprising 257 post-acute/skilled nursing properties and 61 memory care/assisted living properties, with its primary tenant historically including HCR ManorCare, a leading operator of skilled nursing, assisted living, memory care, hospice, and home health services. Founded in 2016 through a spin-off from HCP, Inc., Quality Care Properties is headquartered in Bethesda, Maryland.
In recent years, the company entered definitive agreements for its acquisition by Welltower Inc. and ProMedica Health System, completed in July 2018 for approximately $4.4 billion, under which Welltower acquired QCP's real estate assets in a joint venture structure while ProMedica took over HCR ManorCare operations; this transaction marked a significant strategic shift from REIT status and portfolio repositioning. Although marked as potentially delisted on some exchanges, QCP shares continue to appear in select trading platforms at around $20.74 with a market capitalization of approximately $1.95 billion as of late 2025, reflecting ongoing market interest post-acquisition. The company targets operators in the post-acute care sector, emphasizing actively managed properties leased to national healthcare providers.