Health Care Property Investors Downgraded
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Standard & Poor’s Corp. said Friday that it lowered its outlook on Health Care Property Investors Inc., a Newport Beach real estate investment trust.
The revision, to negative from stable, “is driven by concerns related to several of HCP’s weaker nursing home operators, which are struggling to adapt to the new prospective payment system, as well as HCP’s generally more expansive investment horizons, and some weakening to corporate level financial measures,” S&P; said.
HCP owns 347 health care-related properties nationwide, which are leased to more than 80 health care operators.
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