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WWE set to replace Quality Care on S&P MidCap 400 index

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WWE set to replace Quality Care on S&P MidCap 400 index

World Wrestling Entertainment Inc. will replace healthcare real estate investment trust Quality Care Properties Inc. on the S&P MidCap 400 index, effective before market opens Aug. 1.

The sports entertainment business will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Movies & Entertainment Sub-Industry index.

Mortgage real estate investment trust Granite Point Mortgage Trust Inc. will be replacing World Wrestling Entertainment in the S&P SmallCap 600.

Recently, a joint venture between Welltower and not-for-profit healthcare system ProMedica Health System Inc. closed on their $4.4 billion acquisition of Quality Care and its principal tenants, HCR ManorCare Inc. and Arden Courts.

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