New Manorcare Health Services Inc history

The company's auxiliary units contributed more than a third of the company's profits in the first three quarters of 1970.

In late August 1972 Bainum's hospitality business, Quality Courts, changed its name to Quality Inns International, Inc. to reflect the ever-broadening scope of its business.

In early April 1978 Bainum's health care operation, Manor Care, began an effort to acquire the Hillhaven Corporation, a nursing home company based in Tacoma, Washington.

Restructuring the Company: 1980-82

By early November 1981 Manor Care had acquired more than 90 percent of Cenco, at a cost of $202 million.

In the fall of 1983 the nursing home arm of Manor Care began an attempt to expand into the southwest by taking over the Anta Corporation, a company based in Oklahoma City that operated nursing homes, as well as aluminum and energy businesses.

In September 1985 Manor Care announced that it planned to add 40 new hotels overseas within the next year.

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

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.

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

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.