TOLEDO, Ohio, Aug. 31 /PRNewswire-FirstCall/ -- Manor Care, Inc. (NYSE: HCR) announced today that its Board of Directors has approved October 17, 2007 as the date for a special meeting of stockholders to vote on the proposed acquisition of Manor Care by an affiliate of global private equity firm The Carlyle Group and has approved September 10, 2007 as the record date for the meeting. On August 6, 2007, Manor Care filed a preliminary proxy statement in connection with the proposed transaction with the Securities and Exchange Commission. The proxy statement, once final, will be mailed together with a proxy card to Manor Care stockholders of record as of the record date. Manor Care expects the final proxy statement to be available shortly.
Manor Care, Inc., through its operating group HCR Manor Care, is a leading provider of short-term post-acute services and long-term care. The company's nearly 60,000 employees provide high-quality care for patients and residents through a network of more than 500 skilled nursing and rehabilitation centers, assisted living facilities, outpatient rehabilitation clinics, and hospice and home care agencies. The company operates primarily under the respected Heartland, ManorCare Health Services and Arden Courts names. Shares are traded on the New York Stock Exchange under the ticker symbol HCR.
Additional Information about the Merger and Where to Find It
In connection with this proposed merger of Manor Care, Inc. with
MCHCR-CP Merger Sub Inc., an affiliate of The Carlyle Group, the company
will file a proxy statement with the Securities and Exchange Commission
("SEC"). BEFORE MAKING ANY VOTING DECISION, STOCKHOLDERS ARE URGED TO READ
THE PROXY STATEMENT FILED WITH THE SEC CAREFULLY AND IN ITS ENTIRETY WHEN
IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT
THE PROPOSED TRANSACTION. The final proxy statement will be mailed to the
company's stockholders. In addition, stockholders will be able t
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