10:00 AM EDT, 07/10/2025 (MT Newswires) -- LTC Properties ( LTC ) said Thursday that Genesis Healthcare, which operates a number of LTC properties, has filed for Chapter 11 bankruptcy.

The company said Genesis Healthcare affiliates lease six skilled nursing centers under a master lease with LTC and Genesis has paid contractual rent through July. The master lease was set to mature on April 30, 2026, but was extended to 2031, LTC added.

LTC said it holds $4.7 million of security from Genesis in a letter of credit as required by the lease deal.

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