News Report | August 19, 2018
ProMedica & Welltower Finalize Acquisition Of HRC ManorCare
On July 26, 2018, ProMedica Health System, in partnership with Welltower, announced that it had acquired HRC ManorCare. HCR ManorCare provides services in 450 assisted living facilities, skilled nursing and rehabilitation centers, memory care communities, outpatient rehabilitation clinics, and hospice and home health agencies operating under the respected names of Heartland, ManorCare Health Services, and Arden Courts. The $4.4 billion transaction makes ProMedica one of the top 15 U.S. health systems.
ProMedica is a non-profit integrated health care provider organization with 13 hospitals. It serves communities in Ohio, Michigan, Indiana, Kentucky, Pennsylvania, and West Virginia. ProMedica provides . . .