Concentration of Credit Risk (Tables)

6 Months Ended

Jun. 30, 2015

Summary of consolidated financial information (in millions)

	June 30,		December 31,
	2015		2014
Real estate and other property, net	$	2,900.8	$	2,934.4
Cash and cash equivalents		165.4		127.9
Goodwill, intangible and other assets, net		4,628.9		4,621.7
Total assets	$	7,695.1	$	7,684.0
Debt and financing obligations	$	6,065.7	$	6,108.3
Accounts payable, accrued liabilities and other		985.8		932.7
Total equity		643.6		643.0
Total liabilities and equity	$	7,695.1	$	7,684.0

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Revenues	$	1,027.5	$	1,033.9	$	2,081.5	$	2,075.8
Operating, general and administrative expense		(884.2)		(906.4)		(1,782.1)		(1,795.2)
Depreciation and amortization expense		(35.4)		(35.1)		(71.3)		(70.3)
Interest expense		(119.9)		(102.0)		(220.2)		(204.3)
Other income, net		2.1		1.7		4.9		4.6
(Loss) income from continuing operations before income tax expense		(9.9)		(7.9)		12.8		10.6
Income taxes		(4.5)		(3.2)		5.6		4.3
(Loss) income from continuing operations		(5.4)		(4.7)		7.2		6.3
Loss from discontinued operations, net of taxes		(7.1)		(6.2)		(6.0)		(8.8)
Net (loss) income	$	(12.5)	$	(10.9)	$	1.2	$	(2.5)

Senior housing

Schedule of concentration of credit risk

	Percentage of				Percentage of				Percentage of
	Senior Housing Gross Assets				Senior Housing Revenues				Senior Housing Revenues
	June 30,		December 31,		Three Months Ended June 30,				Six Months Ended June 30,
Operators	2015		2014		2015		2014		2015		2014
Brookdale(1)	28	%	36	%	25	%	46	%	25	%	46	%
HCRMC	10	%	11	%	8	%	10	%	8	%	10	%

Tenants and Operators

Schedule of concentration of credit risk

	Percentage of				Percentage of				Percentage of
	Total Company Assets				Total Company Revenues				Total Company Revenues
	June 30,		December 31,		Three Months Ended June 30,				Six Months Ended June 30,
Operators	2015		2014		2015		2014		2015		2014
HCRMC	27	%	31	%	23	%	28	%	24	%	28	%
Brookdale(1)	12	%	13	%	10	%	17	%	10	%	17	%

(1) On July 31, 2014, Brookdale completed its acquisition of Emeritus. These percentages of segment revenues and total revenues for the three and six months ended June 30, 2014 are prepared on a pro forma basis to reflect the combined concentration for Brookdale and Emeritus, as if the merger had occurred as of the beginning of the period presented. On August 29, 2014, the Company and Brookdale amended or terminated all former leases with Emeritus and entered into two RIDEA joint ventures (see Notes 3 and 18). Percentages do not include senior housing facilities that Brookdale manages (is not a tenant) under a RIDEA structure.

Tenants and Operators | Post-acute/skilled

Schedule of concentration of credit risk

	Percentage of Post-Acute/				Percentage of Post-Acute/				Percentage of Post-Acute/
	Skilled Nursing Gross Assets				Skilled Nursing Revenues				Skilled Nursing Revenues
	June 30,		December 31,		Three Months Ended June 30,				Six Months Ended June 30,
Operators	2015		2014		2015		2014		2015		2014
HCRMC	79	%	82	%	78	%	86	%	79	%	86	%