NEW YORK, Aug. 12, 2015 /PRNewswire/ -- Care Capital Properties Inc. (NYSE:CCPwi) will replace Omnicare Inc. (NYSE:OCR) in the S&P MidCap 400 after the close of trading on Monday, August 17. S&P 500 constituent Ventas Inc. (NYSE:VTR) is spinning off Care Capital Properties in a transaction expected to be competed on that date. Omnicare is being acquired by S&P 100 & 500 constituent CVS Health Corp. (NYSE:CVS) in a deal expected to be completed on August 18.
Care Capital Properties owns, acquires and leases skilled nursing facilities and other healthcare assets. Headquartered in Chicago, IL, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Health Care REITs Sub-Industry index.
Following is a summary of the change:
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S&P MidCap 400 INDEX – August 17, 2015
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COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
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ADDED
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Care Capital Properties
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Financials
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Health Care REITs
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DELETED
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Omnicare
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Health Care
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Health Care Services
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Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
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SOURCE S&P Dow Jones Indices