PETITION provides analysis, commentary and curated links about financial markets, distressed investing, restructuring and bankruptcy.

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A Break for HCR Manorcare

November 27, 2017 by PETITION in News

HCR Manorcare received a temporary reprieve that should be helpful in its ongoing negotiations with its landlord, Quality Care Properties Inc. ($QCP).

Fast Forward (A&M Castle, HCR Healthcare, iHeartMedia)

June 12, 2017 by PETITION in News

A&M Castle & Co. is finally filing for bankruptcy. Assisted living facility operator HCR Healthcare got downgraded and is helping contribute to the latest narrative/focus on distressed healthcare opportunities. What happens to HCR may also determine the fate of Quality Care Properties, HCR's primary lessor.iHeartMedia has extended the exchange offer as noteholders continue to balk at the company's attempts.