Welltower Inc. and hospital operator ProMedica are acquiring Quality Care Properties Inc. for nearly $2 billion in an 80/20 deal.

QCP was in the process of purchasing HCR ManorCare, which is emerging from bankruptcy proceedings, when the deal was announced.

The nonprofit ProMedica will become a nationwide healthcare entity when the deal comes to fruition.

“ProMedica sees this real estate beyond the classic view of skilled nursing facility,” Welltower CEO Tom DeRosa said in an earnings call just after news of the deal broke.