MANOR history

In 1987 Manor Care's management underwent a shift, as founder Stewart Bainum's son, Stewart Bainum, Jr., took over as chairman.

In 1988 the company broadened the scope of its hotel offerings, hoping to induce new growth.

In June 1990 Manor Care made an unsuccessful attempt to buy the Ramada and Howard Johnson hotel franchises.

Although Manor Care's lodging division accounted for only 12 percent of its revenues in the fiscal year ended in May 1991, Choice contributed more than 20 percent of the company's profits, as the nursing home business continued to lag.

Manor Care introduced the Arden Courts brand in 1994 by opening the first of the freestanding care centers in Potomac, Maryland.

In 1995 the company expanded beyond long term care with the purchase of 64 percent of Minneapolis-based In Home Health, Inc.

Deciding its future lay in the health care business, Manor Care consolidated all of its health care facilities under the name ManorCare Health Services and, in November 1996, spun off its $342 million Choice Hotels International subsidiary.

In 1997, Manor Care completed the spin-off of its lodging business and began a total focus on health care.

Manor Care’s approximately 50 percent interest in Vitalink Pharmacy Services was sold in 1998.

The company concentrates its focus more strongly on skilled nursing and dementia assisted living and, in so doing, ends its assisted living development joint venture formed in 1999 with Alterra.

As Choice Chairman Robert C. Hazard, Jr., told Forbes, "Our goal is 1 million hotel rooms and 10,000 hotels worldwide by the year 2000."

The company went private in a $6.3 billion buyout by private equity firm Carlyle in December 2007.”