ProMedica - McKnight's Senior Living


Springhouse of Pikesville is a ManorCare assisted living community in Pikesville, MD.

Welltower merger safe — for now — QCP says, as competitor surfaces

Quality Care Properties said Tuesday that its board continues to recommend that stockholders approve the merger agreement with real estate investment trust Welltower that was announced in April, although it also announced that it is investigating an acquisition proposal from a third party that “could reasonably be expected to lead to a ‘superior offer’ as defined in the merger agreement.”

Thomas DeRosa

Welltower CEO defends decision to keep HCR ManorCare leaders

Welltower CEO Tom DeRosa on Wednesday defended the decision to keep HCR ManorCare’s leadership team in place as the real estate investment trust gains a stake in the operator through a deal with the ProMedica health system. His remarks came after an attendee at an investor conference called the company a “steaming pile of real estate.”

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