ProMedica to Blur Acute, Post-Acute Lines with ManorCare Deal

The acquisition of HCR ManorCare, the nation’s second-largest skilled nursing provider, by nonprofit health system ProMedica falls in line with a growing trend of payors and providers building out their care continuum, with one goal being to treat patients more frequently in lower-cost care settings like home health care. On late Wednesday night, ProMedica announced […]

Health System ProMedica to Acquire ManorCare Operations for $1.35 Billion

Nonprofit health system ProMedica is planning to acquire the operations of HCR ManorCare, including the company’s large home health arm. At the same time, Welltower Inc. (NYSE: WELL)—one of the largest U.S. health care real estate investment trusts (REITs)—has reached an agreement to acquire ManorCare landlord QCP in a $1.95 billion all-cash deal. Going forward, […]