Welltower & ProMedica Health System To Acquire HCR ManorCare

Welltower and ProMedica Health System entered a joint partnership to acquire the real estate of Quality Care Properties, which owns HCR ManorCare’s long-term care businesses. 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. Through this transaction, ProMedica, which operates in six states, seeks to expand its footprint into 30 states and provide a full spectrum of care, including wellness, skilled nursing, memory care, assisted living, hospice, and . . .