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Corporate

Nov. 8, 2013

Skadden guides $83 million nursing center sale

The firm represented Long Beach-based real estate investment trust HCP Inc. in multiple sales.


By Andrew McIntyre


Daily Journal Staff Writer


Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates represented Long Beach-based health care real estate investment trust HCP Inc. in its $83 million sale of real estate associated with nine nursing centers across the country to a subsidiary of Kindred Healthcare Inc.


The deal, announced Tuesday, comes as Louisville, Ky.-based Kindred, which currently leases the nine properties from HCP, ...

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