The Carlyle Group, a private-equity firm, is a step closer to acquiring Toledo, Ohio-based
Manor Care after the Federal Trade Commission granted early termination of the waiting
period required under the Hart-Scott-Rodino Antitrust Improvement Act.
In July, Manor Care announced it had agreed to be acquired by the Carlyle Group in a
leveraged buyout worth $6.3 billion in cash and assumption of debt. As part of the deal,
which is expected to close in the fourth quarter, shareholders will receive $67 per share.
Manor Care provides both short-term, post-acute services and long-term care in a network
of nursing and rehabilitation centers, assisted-living facilities, outpatient
rehabilitation clinics, and hospice and home-care agencies. -- by href="mailto:[email protected]">Jessica Zigmond
href="mailto:[email protected]">Jessica Zigmond