Promedica began business under the name ManorCare in 1959, when Stewart Bainum, a former plumber, opened a nursing home in Wheaton, Maryland. The company went public in 1969.
Today, the company operates primarily under the Heartland, ManorCare Health Services, and Arden Courts names.
In March 2018, HCR ManorCare Inc, filed for Chapter 11 bankruptcy protection with $7.1 billion of debt as part of a pre-arranged deal to transfer ownership to its landlord Quality Care Properties Inc.
ProMedica began phasing out the “HCR ManorCare” brand in late 2020.
In November 2022, the company announced it would exit skilled nursing joint ventures to focus on assisted living and memory care facilities.
In February 2023, the company announced that it was selling its home health business and hospice services for $710 million to Gentiva Health Services.
Promedica Senior Care maintains a corporate office in Toledo, Ohio.
Promedica began business under the name ManorCare in 1959, when Stewart Bainum, a former plumber, opened a nursing home in Wheaton, Maryland. The company went public in 1969.
Today, the company operates primarily under the Heartland, ManorCare Health Services, and Arden Courts names.
In March 2018, HCR ManorCare Inc, filed for Chapter 11 bankruptcy protection with $7.1 billion of debt as part of a pre-arranged deal to transfer ownership to its landlord Quality Care Properties Inc.
History
ProMedica began phasing out the “HCR ManorCare” brand in late 2020.
In November 2022, the company announced it would exit skilled nursing joint ventures to focus on assisted living and memory care facilities.
In February 2023, the company announced that it was selling its home health business and hospice services for $710 million to Gentiva Health Services.
Promedica Senior Care maintains a corporate office in Toledo, Ohio.