Manor Care Through the Years

The Washington Post - - Monday Morning -

1980: Merges with bud­get ho­tel op­er­a­tors Qual­ity In­ter­na­tional — also run by Ste­wart Bainum Sr. Hos­pi­tal­ity line later re­named Choice Ho­tels. 1981: Stock moves from Amer­i­can Stock

Ex­change to the New York Stock Ex­change. 1959: Ste­wart Bainum Sr., left, a for­mer plum­ber, opens his first nurs­ing home in Wheaton. 1969: Manor Care goes pub­lic, rais­ing $4 mil­lion from in­vestors. 1982: Ac­quires nurs­ing-home op­er­a­tor Cenco for $209 mil­lion, in­creas­ing its fa­cil­i­ties to 105 in 19 states. 1987: Ste­wart Bainum Jr. suc­ceeds his fa­ther as

chair­man and chief ex­ec­u­tive. 1996: Head­quar­ters moves from Sil­ver Spring to

Gaithers­burg. Oc­to­ber 1996: Com­pany spins off its Choice Ho­tels busi­ness, which in­cludes Qual­ity Inns and Com­fort Inns. Sept 1998: $2.9 bil­lion merger with Ohiobased Health Care and Re­tire­ment Corp. is com­pleted. Com­pany’s head­quar­ters moves to Toledo. Ste­wart Bainum Jr. stays on as chair­man. March 2000: Ste­wart Bainum Jr. and a man­age­ment-led group make sep­a­rate of­fers to buy com­pany. May 2000: Manor Care re­jects both of­fers, de­cid­ing to stay in­de­pen­dently owned. Founder Ste­wart Bainum Sr. re­tires from the Manor Care board the same week. Sept 2001: Ste­wart Bainum Jr.’s term as

chair­man ends. Sept. 2002: Ste­wart Bainum Jr. re­tires from

Manor Care board. July 2: Manor Care an­nounces that it has agreed to be ac­quired by Car­lyle.

An Ar­ling­ton Manor Care cen­ter in 1984.

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