Aug 31 (Reuters) - HCP Inc:
* Announces revamped Sunrise relationship
* Agreements allow HCP to terminate management contracts on 27 of the 75 senior
housing communities owned by HCP
* Says co and Sunrise agreed to dismiss all litigation proceedings between them
* Says HCP agreed to pay Sunrise $50 million, $40 million of which will be paid
immediately
* Says Sunrise agreed to limit certain fees and charges associated with the
remaining management contracts
* Says HCP will enter into new arrangements for the 27 communities
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
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* Announces revamped Sunrise relationship
* Agreements allow HCP to terminate management contracts on 27 of the 75 senior
housing communities owned by HCP
* Says co and Sunrise agreed to dismiss all litigation proceedings between them
* Says HCP agreed to pay Sunrise $50 million, $40 million of which will be paid
immediately
* Says Sunrise agreed to limit certain fees and charges associated with the
remaining management contracts
* Says HCP will enter into new arrangements for the 27 communities
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.