UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
January 4, 2018
Date of Report (Date of earliest event reported)
QUALITY CARE PROPERTIES, INC.
(Exact Name of Registrant as Specified in its Charter)
Maryland |
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001-37805 |
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81-2898967 |
(State of Incorporation) |
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(Commission File Number) |
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(IRS Employer |
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Identification Number) |
7315 Wisconsin Avenue, Suite 550 East
Bethesda, MD 20814
(Address of principal executive offices) (Zip Code)
(240) 223-4680
(Registrants telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 8.01. Other Events.
As previously reported by Quality Care Properties, Inc. (QCP or the Company), during 2017, the Company and Tandem Health Care, LLC (Tandem), a tenant with an option to purchase the nine properties it leases from the Company at a favorable purchase price, entered into various lease amendments extending the purchase option expiration date to January 4, 2018, increasing the purchase option price to approximately $82 million, and providing for payment to the Company of various non-refundable deposits and extension fees totaling $4.5 million. As a result of Tandems failure to consummate the purchase option on or prior to January 4, 2018, the purchase option has expired. The Company will retain the $4.5 million in non-refundable deposits and extension fees received from Tandem.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: January 8, 2018
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Quality Care Properties, Inc. | ||
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By: |
/s/ C. Marc Richards | |
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Name: |
C. Marc Richards |
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Title: |
Chief Financial Officer |