ProMedica, Welltower, HCR Manorcare Now Merged

(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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