LTC

• KENNETT SQUARE, Pa., Jan. 29, 2024 (GLOBE NEWSWIRE) -- LTC ACO , the first and only Accountable Care Organization (ACO) in the U.S. dedicated to long-term care facility residents, today announced the addition of five new provider group partners for 2024.
• The new 2024 LTC ACO provider group partners include:
  SE Virginia Value Based Care, LLC (MidAtlantic)
  “We are thrilled to welcome these new participants, who share our mission to deliver the highest quality of care for the unique, high-needs patient population they serve,” said Jason Feuerman, president and chief executive officer of LTC ACO.
• LTC ACO is equipped to help even more providers make the transition to value-based care.
• As the first mover in the long-term care industry, LTC ACO continues to be well positioned to improve quality of care and create a reliable shared savings revenue opportunity with no downside for those providers serving long-term care nursing facility residents.

• Proceeds of the investment, along with additional operational resources from MRC, will be utilized to facilitate the continued expansion of SCT's high-quality mental health offering to residents in long term care ("LTC") facilities.
• The Braff Group, a leading mergers and acquisitions advisory firm, originated the transaction and acted as the exclusive mergers and acquisitions advisor to SCT.
• The investment by MRC brings together strategic resources and capital to assist SCT's management team in continuing the growth of SCT's footprint with the goal of accelerating expansion of mental health services to an underserved population.
• "This partnership has the skillsets and resources to make a huge impact on the delivery of critically needed mental health care to the underserved senior population.

• LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that invests in seniors housing and health care properties, today announced the completion of its previously announced process involving its 35-property Brookdale Senior Living (“Brookdale”) portfolio.
• The 35-property assisted living portfolio was modified as follows:
  17 communities across four states including Colorado (six), Texas (six), Kansas (four), and Ohio (one), with a total of 738 units, were re-leased to Brookdale.
• LTC received proceeds of $23.2 million, net of transaction costs and seller financing, and anticipates recording a gain of $17.0 million related to the sales.
• “LTC committed to successfully position the previous Brookdale portfolio by re-leasing some properties and selling others.

LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”) announced today that it had declared a monthly cash dividend of $0.19 per common share per month for the first quarter of 2024. Distribution dates are outlined in the table below.