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, […]

Kindred to Be Tested Following Skilled Nursing Bailout

Question marks hover around Kindred Healthcare (NYSE: KND) following its decision to exit the skilled nursing facility business and double-down on home health and hospice. But while the move may create uncertainty, it should not be causing much surprise, according to Kindred CEO and President Benjamin A. Breier. Rather, ceasing to own and operate any […]