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QUALITY CARE PROPERTIES,INC. (NYSE:QCP) Files An 8-K Other Events

QUALITY CARE PROPERTIES,INC. (NYSE:QCP) Files An 8-K Other EventsItem 8.01. Other Events.

On July7, 2017, Quality Care Properties,Inc. (“QCP” or the “Company”) received approximately $8.2 million from its principal tenant, HCR III Healthcare, LLC (the “Lessee”), an indirect wholly-owned subsidiary of HCR ManorCare,Inc. (together, “HCR ManorCare”), rather than the roughly $39.5 million in rent required to be paid under the Master Lease and Security Agreement, dated as of April7, 2011, as amended and supplemented (the “Master Lease”). On July7, 2017, QCP delivered a notice of default under the Master Lease relating to nonpayment of rent due and other matters. The notice of default demands payment of all current and past due rent, totaling approximately $79.6 million. If the approximately $79.6 million of rent is not paid by the end of the day on July14, 2017, it will constitute an Event of Default requiring the immediate payment of an additional approximately $265 million of Deferred Rent Obligations and permit the QCP lessors to terminate the Master Lease, appoint receivers or exercise other remedies with respect to any and all leased properties.

For additional information regarding the risks to QCP associated with HCR ManorCare, see “Risk Factors” included in QCP’s Annual Report on Form10-K for the fiscal year ended December31, 2016, as amended, which is available on QCP’s website at www.qcpcorp.com and at www.sec.gov.

Safe Harbor Statement

Certain statements in this document that are not historical statements of fact may be deemed “forward-looking statements.” QCP intends to have its forward-looking statements covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with those provisions. Forward-looking statements include, among other things, statements regarding our intent, belief or expectations. In particular, we note as a forward-looking statement the potential future event of default. There can be no assurance that if an event of default occurs that HCR ManorCare will repay such amounts owed. Forward-looking statements speak only as of the date of this document. Actual results may differ materially from those anticipated or implied in forward-looking statements as a result of numerous factors, including, but not limited to, the ability of HCR ManorCare to make any payments, and other risks to QCP associated with HCR ManorCare, including but not limited to those discussed under “Risk Factors” in QCP’s Annual Report on Form10-K for the fiscal year ended December31, 2016, as amended, which is available on QCP’s website at www.qcpcorp.com and at www.sec.gov.

Except as may be required under the federal securities laws and the rulesand regulations of the Securities and Exchange Commission, QCP expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements included in this document, including the discussions referenced above, to reflect any change in our expectations or any change in events, conditions or circumstances on which any statement is based.

About QUALITY CARE PROPERTIES,INC. (NYSE:QCP)
Quality Care Properties, Inc. is a self-managed and self-administered real estate investment trust. The Company is focused on post-acute/skilled nursing and memory care/assisted living properties. As of June 30, 2016, the Company’s portfolio included 274 post-acute/skilled nursing properties, 62 memory care/assisted living properties, a surgical hospital and a medical office building (MOB) across 30 states of the United States. The Company’s primary tenant is HCR ManorCare, Inc. (HCRMC), a provider of post-acute, memory care and hospice services. As of June 30, 2016, 249 of the Company’s post-acute/skilled nursing properties and 61 of its memory care/assisted living properties were leased to HCR III Healthcare, LLC (HCR III), a subsidiary of HCRMC. As of June 30, 2016, its hospital had a capacity of 37 beds. As of June 30, 2016, its medical office covered 88,000 square feet. As of June 30, 2016, its post-acute/skilled nursing properties had a capacity of 33,490 beds.

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