CARE CAPITAL PROPERTIES, INC. (NYSE:CCP) Files An 8-K Completion of Acquisition or Disposition of Assets

Item 2.01. Completion of Acquisition or Disposition of Assets.

On April 28, 2017, Care Capital Properties, Inc. (the Company),
through its wholly owned subsidiaries, completed the acquisition
of six behavioral health hospitals from affiliates of Healthcare
Services, LLC (). The Company funded a total of $379 million in
cash at closing and has an option, exercisable beginning in
October 2018, to purchase one additional building for an amount
that is expected to be approximately $20 million. Concurrent with
the closing of the transaction, the Company entered into a
long-term triple-net lease with affiliates of to operate the
acquired properties at an initial annual base rent of
approximately $30 million. In addition, as part of the
transaction, the Company agreed to fund up to $50 million in
capital expenditures to finance future expansion and other
improvements of the acquired properties.

Item 7.01. Regulation FD Disclosure.

A copy of the press release issued by the Company on May 1, 2017
announcing the completion of the transaction is furnished
herewith as Exhibit 99.1 and is incorporated in this Item 7.01 by
reference.

Item 9.01. Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired.

Financial statements of the real estate operations acquired and
any additional information specified by Rule 3-14 of Regulation
S-X will be filed by amendment to this Current Report on Form 8-K
no later than 71 days following the date that this Current Report
is required to be filed.

(b) Pro Forma Financial Information.

Pro forma financial information will be filed by amendment to
this Current Report on Form 8-K no later than 71 days following
the date that this Current Report is required to be filed.

(c) Shell Company Transactions.

Not applicable.

(d) Exhibits:

About CARE CAPITAL PROPERTIES, INC. (NYSE:CCP)

Care Capital Properties, Inc. is a self-administered, self-managed real estate investment trust (REIT) with a diversified portfolio of skilled nursing facilities (SNFs) and other healthcare assets operated by private regional and local care providers. It leases its properties to unaffiliated tenants under long-term triple-net leases, pursuant to which the tenants are obligated to pay all property-related expenses, including maintenance, taxes, insurance and capital expenditures. It originates and manages a small portfolio of secured and unsecured loans, made to its SNF operators and other post-acute care providers. It operates in triple-net leased properties segment. Its portfolio consists of approximately 360 properties operated by over 39 private regional and local care providers, spread across over 36 states, and containing approximately 39,000 beds/units. It operates through its wholly owned operating partnership, Care Capital Properties, LP (Care Capital LP) and its subsidiaries.

CARE CAPITAL PROPERTIES, INC. (NYSE:CCP) Recent Trading Information

CARE CAPITAL PROPERTIES, INC. (NYSE:CCP) closed its last trading session down -0.11 at 26.86 with 606,806 shares trading hands.