HCP provides update on impact of Hurricane Irma
HCP provided an update on the impact from Hurricane Irma. HCP's preliminary assessment indicates that its assets in the impacted regions incurred either no or limited wind, flood or other storm-related damage. Utility power has been restored at all but one property. "The care and safety of our residents continues to be the primary focus of both HCP and our operators," said Tom Klaritch, HCP's COO. HCP's assets are covered by property and business interruption insurance and the Company expects all damages will be insured under its existing policies subject to normal deductibles. As HCP completes its assessment, it will provide additional updates in the event of any material changes.