ProMedica Senior Care (formerly HCR ManorCare Inc.) history, company profile (overview) and corporate video
ProMedica Senior Care (formerly HCR ManorCare Inc.) is a non-profit healthcare company headquartered in Toledo, Ohio, United States. It provides Skilled Nursing, Outpatient Rehabilitation, Memory Care and Home Health and Hospice Care.
- Skilled Nursing and Rehabilitation
- Memory Care
- Assisted Living
- Independent Living
- Home Health Care
- Hospice Care
- Palliative Care
ProMedica Senior Care’s origins date back to the founding of ManorCare in 1959, when Stewart W. Bainum Sr., a former plumber, opened a nursing home in Wheaton, Maryland.
In 1980, the company merged with the hotel company Quality International, also run by Bainum. Quality International was later renamed Choice Hotels.
In 1982, the company acquired nursing home operator Cenco.
In 1992, the company spun off Vitalink Pharmacy Services into a public company.
In 1996, the company spun off Choice Hotels, refocusing its business on health care.
In 1998, ManorCare merged with Health Care and Retirement Corporation to form HCR ManorCare.
In 2018, HCR ManorCare was acquired by ProMedica.
Health Care and Retirement Corporation
Health Care and Retirement Corporation (HCR) was created in 1991 to purchase O-I’s healthcare businesses. O-I entered the healthcare field in 1929 when Owens Bottle Company merged with Illinois Glass Company, a manufacturer of glass products for the drug and medical fields, to form Owens-Illinois Glass Company.
In 1982, O-I created a healthcare group, which included pharmaceutical packaging operations that made scientific glassware.
In 1982, O-I also began diversification into health care by making an equity investment in Health Group Inc. (HGI) of Nashville, Tennessee, a hospital management group that owned specialty hospitals and several nursing homes.
In 1984, O-I acquired the Health Care and Retirement Corporation of America (HCRA). Starting as a lumber company in 1944, HCRA expanded into constructing nursing homes for third parties and, in 1974, began management of its first facility.
With more than 45,000 employees, ProMedica Senior Care is considered one of the Largest Public Companies in the World, according to Forbes.
*Information from Forbes.com, Wikipedia.org, and www.promedicaseniorcare.org.
**Video published on YouTube by “HCR ManorCare“