ProMedica Health System to Acquire HCR ManorCare Redefining Care for Seniors

PRNewswire

Apr 26, 2018

- Welltower and ProMedica enter into Joint Venture that will propel ProMedica to be in the top 15 largest U.S. Health Systems

- First of its kind partnership spans full spectrum of care, including wellness, skilled nursing, memory care, assisted living, hospice and home care

- Partnership to create an approximate $7B health network with 70,000 employees in 30 states

- ProMedica will invest as much as $400M of growth and upgrade capital over the next five years

- Welltower and ProMedica have jointly entered into agreement to acquire the real estate of Quality Care Properties

PR Newswire

TOLEDO, Ohio, April 25, 2018

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