HCR ManorCare Files For Bankruptcy, Setting Up Purchase By Quality Care Properties

HCR ManorCare (ManorCare) recently announced filing for bankruptcy, setting up for Quality Care Properties (QCP) to acquire the company. It is anticipated that the purchase will be completed by the third quarter of 2018.

For the past decade, ManorCare has been the nation’s largest skilled nursing facility (SNF). ManorCare has stated that it does not expect its services or employees to be affected by the possible purchase by QCP. ManorCare also anticipates that the purchase would allow it to keep its three profitable lines of business operational going forward.

HCR ManorCare, Inc. provides short-term, post-hospital, and long . . .