Manor Shareholders To Vote on $6.3B Buy-Out

TOLEDO, OH-A special meeting of the stockholders of Manor Care Inc. has been scheduled for Oct. 17, at the company’s headquarters at 333 N. Summit St., for a vote on whether to allow the $6.3-billion purchase of the company by the Washington, DC-based Carlyle Group. The investment group has proposed to buy the company for $67 per share. The company’s stock price was $65.57 at the end of the trading day Thursday.

Manor Care, a subsidiary of the public HCR Manor Care, has a network of more than 500 skilled nursing and rehabilitation centers, assisted living facilities, outpatient rehabilitation clinics, and hospice and home care agencies across the country. The company operates primarily with the names Heartland, ManorCare Health Services and Arden Courts.