ProMedica, Welltower, HCR Manorcare Now Merged

posted by News Radio 1370 WSPD & 92.9-FM - 

(Toledo, OH) Three Toledo companies are officially merged into one healthcare giant.

ProMedica and Welltower this week finalized their joint venture purchase of the parent company of HCR Manorcare, the nation's second-biggest skilled nursing home operator. 

The deal gives WellTower 500 nursing homes, while ProMedica now owns ManorCare operations-- becoming the country's 15th-largest healthcare system with seven billion dollars in expected revenues. 

ProMedica's top administrator Randy Oostra becomes CEO of the combined company, as HCR Manorcare now becomes a division of ProMedica. Top company officials call the partnership transformative and will improve health care.

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