Care Capital Properties S-3ASR Automatic shelf registration

Exhibit 99.1

Senior Care Centers, LLC

Consolidated Balance Sheets (Unaudited)

June 30, 2016 & 2015

	2016			2015
ASSETS
CURRENT ASSETS
Cash	$	11,073,243		$	19,940,877
Restricted Cash - Lease Escrow	18,938,794			15,675,680
Accounts Receivable, Net	140,176,882			119,284,569
Inventory	2,245,230			650,314
Prepaids	2,259,099			4,777,391
Deposits	9,964,944			8,021,636
Total Current Assets	184,658,192			168,350,467
LONG TERM ASSETS
Restricted Cash - Certificate of Deposits	2,072,469			2,068,030
Leasehold Improvements, Equipment & Transportation, Net of Accumulated Depreciation	26,479,418			25,102,900
Project in Process (Capital)	1,855,709			1,588,302
Debt Issuance Costs	1,824,519			21,665
Goodwill	23,814,280			6,583,789
Intangible Assets, Net	23,994,726			27,841,014
Minority Interest Investment	2,285,401			2,345,987
Other Long Term Assets	23,954			71,857
Total Long Term Assets	82,350,476			65,623,544
Total Assets	$	267,008,668		$	233,974,011
LIABILITIES & MEMBERS’ EQUITY
LIABILITIES
Current Liabilities
Current Maturities of Long Term Debt	$	10,303,244		$	7,723,314
Accounts Payable	68,896,067			58,053,250
Salaries and Payroll Taxes	21,230,038			18,531,787
Other Taxes Payable	7,094,995			6,599,391
Short-Term Debt	5,000,000			—
IBNR Claims Payable	3,805,943			2,842,258
Assisted Living Deposits	34,931			1,681
Total Current Liabilities	116,365,218			93,751,681
LONG TERM DEBT
Capital Lease Liability	9,773,383			9,700,743
Working Capital Line of Credit	70,289,457			65,120,804
Term Loan	22,981,816			20,000,000
Unfavorable Leases, Net	6,804,591			11,210,909
Deferred Lease	28,120,543			19,370,114
Total Long Term Debt	137,969,790			125,402,570
Total Liabilities	254,335,008			219,154,251
MEMBERS’ EQUITY
LLC Membership Interests	13,500,000			13,500,000
Paid In Capital	(935,236		)	(935,236		)
Distributions To Members:
Dividends - Class “A” Pref.	(13,562,904		)	(10,151,682		)
Dividends - Class “A”	(1,107,436		)	(1,107,436		)
Dividends - Founders	(3,170,146		)	(3,170,146		)
Retained Earnings	22,839,449			4,922,945
Current Year Net Income	(4,890,067		)	11,761,315
Total Members’ Equity	12,673,660			14,819,760
Total Liabilities and Members’ Equity	$	267,008,668		$	233,974,011

Senior Care Centers, LLC

Consolidated Statements of Operations (Unaudited)

For the Quarters and the Six-Months Ended June 30, 2016 & 2015

	2nd QTR			2nd QTR			YTD Jun			YTD Jun
	2016			2015			2016			2015
INCOME
Total Revenue All Facilities	$	212,800,302		$	185,576,684		$	430,390,540		$	298,251,496
Total Revenue SRS Rehabilitation	29,841,585			26,738,693			61,192,065			49,419,783
Total Revenue SRS Louisiana Rehabilitation	2,639,701			—			5,369,606			—
Total Revenue MBS Pharmacy	13,574,313			8,424,692			26,826,688			8,424,692
Total Revenue Nicoya Health	132,265			—			254,889			—
Total Revenue Hospice	1,854,037			—			3,539,570			—
Total Revenue SCC Management	13,966,697			11,673,649			27,416,230			21,508,497
Intercompany Revenue Elimination	(44,393,472		)	(35,868,707		)	(90,741,302		)	(54,021,322		)
Total Revenue	230,415,428			196,545,011			464,248,286			323,583,146
OPERATING EXPENSES
Nursing	70,068,717			57,403,809			139,558,703			91,373,205
Consultants	1,695,005			1,342,250			3,410,720			2,078,833
Training and Activities	3,833,902			2,969,483			7,633,771			4,854,653
Ancillaries	71,334,780			58,938,068			144,662,953			94,800,614
Laundry and Housekeeping	6,867,261			5,751,535			13,806,239			9,327,167
Dietary Expenses	14,154,420			11,554,177			28,322,844			18,294,821
Building and Equipment	3,846,984			3,146,948			7,785,568			4,773,011
Operations and Maintenance	9,995,424			7,707,738			19,947,400			12,653,250
Administrative	48,685,585			37,638,064			97,511,012			64,161,523
Uncollectable Accounts	3,553,817			4,587,806			8,631,536			6,807,767
Other (Income)/Expense	1,505,056			901,713			2,668,454			1,372,611
Intercompany Expense Elimination	(44,393,472		)	(35,868,707		)	(90,741,302		)	(54,021,322		)
Total Operating Expenses	191,147,479			156,072,884			383,197,898			256,476,133
EBITDAR	39,267,949			40,472,127			81,050,388			67,107,013
EBITDAR MARGIN	17.04		%	20.59		%	17.46		%	20.74		%
Lease Expense	36,040,213			29,180,201			72,623,134			47,005,532
EBITDA	3,227,736			11,291,926			8,427,254			20,101,481
EBITDA MARGIN	1.40		%	5.75		%	1.82		%	6.21		%
Depreciation	1,900,521			1,294,051			3,644,872			1,812,403
Amortization	213,566			66,405			420,931			151,574
Margin Tax	(590,722		)	393,930			381,932			579,212
Interest	1,889,334			1,237,979			3,821,048			1,562,424
Minority Interest	—			(17,240		)	—			409,503
Deferred Lease Expense	2,315,212			1,534,075			4,736,089			2,071,652
Start-up Cost	173,718			663,829			312,449			1,753,398
Total Other (Income)/Expense	5,901,629			5,173,029			13,317,321			8,340,166
Net Income	$	(2,673,893	)	$	6,118,897		$	(4,890,067	)	$	11,761,315

Senior Care Centers, LLC

Consolidated Statements of Cash Flows (Unaudited)

For the Quarters and the Six-Months Ended June 30, 2016 & 2015

	2nd QTR			2nd QTR			YTD Jun			YTD Jun
	2016			2015			2016			2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Profit	$	(2,673,893	)	$	6,118,897		$	(4,890,067	)	$	11,761,315
ADJUSTMENTS TO RECONCILE NET PROFIT TO NET CASH PROVIDED BY/(USED IN) OPERATIONS:
Provision for Uncollectible A/R	3,553,817			4,587,806			8,631,536			6,807,767
Depreciation and Amortization	2,114,087			1,360,456			4,065,803			1,963,977
OPERATING CHANGES IN ASSETS AND LIABILITIES:
Resident Accounts Receivable	12,503,173			(30,364,374		)	14,673,485			(51,642,714		)
Inventory	(645,237		)	663,574			(633,449		)	663,574
Other Accounts Receivable	(3,279,698		)	4,091,707			(1,400,129		)	3,283,048
Other Assets	3,078,200			4,434,036			3,903,197			2,619,345
Due to/Due From 3rd Parties	—			(10,355,627		)	—			(10,113,096		)
Prepaid Expenses	(4,500,529		)	(4,479,232		)	(3,314,798		)	(3,887,016		)
A/P and Accrued Expenses	11,479,529			18,285,423			(1,120,583		)	30,716,300
NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES	21,629,449			(5,657,334		)	19,914,995			(7,827,500		)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Property and Equipment	(1,993,922		)	(1,634,911		)	(4,626,544		)	(2,697,643		)
Net Deposits of Restricted Cash	(2,761,109		)	(8,517,324		)	1,529,582			(6,729,059		)
Acquisitions	—			(37,121,955		)	—			(37,121,955		)
NET CASH USED IN INVESTING ACTIVITIES	(4,755,031		)	(47,274,190		)	(3,096,962		)	(46,548,657		)
CASH FLOWS FROM FINANCING ACTIVITIES
Working Line of Credit	(17,686,022		)	42,283,322			(12,432,966		)	42,247,712
Loans	(4,168,184		)	25,000,000			(6,418,184		)	25,000,000
Short Term Debt	—			—			5,000,000			—
Long Term Debt	—			(1,250,000		)	(625,000		)	(1,875,000		)
Capital Lease Obligations	(141,207		)	10,241,474			265,706			10,172,952
Cash Paid for Financing Costs	—			(1,500,000		)	—			(1,500,000		)
Dividends Paid	(311,644		)	(1,751,791		)	(626,712		)	(2,061,818		)
Minority Interest	—			(1,747,923		)	—			(1,321,180		)
Contributed Capital Harden	—			(4,248,767		)	—			(4,248,767		)
NET CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES	(22,307,057		)	67,026,315			(14,837,156		)	66,413,899
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	(5,432,639		)	14,094,791			1,980,877			12,037,742
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD	16,505,882			5,846,086			9,092,366			7,903,135
CASH AND EQUIVALENTS AT END OF PERIOD	$	11,073,243		$	19,940,877		$	11,073,243		$	19,940,877