April 25, 2018 / 5:20 PM / 3 months ago

EXCLUSIVE-Promedica, Welltower in bid to acquire Quality Care Properties-sources

April 25 (Reuters) - Nonprofit hospital network operator Promedica and healthcare-focused real estate investment trust Welltower Inc have made a $2 billion offer to acquire Quality Care Properties Inc, people familiar with the matter said on Wednesday.

The deal would make Promedica a national healthcare provider by allowing it to take on the assets of U.S. nursing home chain HCR ManorCare Inc. Quality Care Properties won court approval earlier this month to buy HCR ManorCare out of bankruptcy.

Promedica and Welltower’s offer values Quality Care Properties at around $20 per share, close to its current market value, the sources said on Tuesday.

The negotiations between the companies are ongoing, and there is no certainty that a deal will be reached, added the sources, who asked not to be identified because the matter is confidential.

Welltower, Promedica and Quality Care Properties did not immediately respond to requests for comment. (Reporting by Greg Roumeliotis and Jessica DiNapoli in New York and Tracy Rucinski in Chicago Editing by Matthew Lewis)

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