The relationship between LTC Properties and two of its bankrupt tenants has come to an end, Senior Housing News reports.
The Westlake Village, California-based REIT announced it reached settlement agreements with Senior Care Centers and Abri Health Services. LTC agreed to pay the skilled nursing providers $3.25 million in exchange for their assistance and cooperation in transitioning 11 skilled nursing facilities to a new operator, HMG Healthcare. Read more.
