-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Uzqg2hGBlzccO9mXiWbYupIHEnqEB4B0MgGjwoZb/wZLH+BIYqpjXcXmnZrADg2w zaG34zGTz6I//+Q8jcIcXA== 0000950157-07-001450.txt : 20071226 0000950157-07-001450.hdr.sgml : 20071225 20071226090745 ACCESSION NUMBER: 0000950157-07-001450 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20071221 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Material Modifications to Rights of Security Holders ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071221 DATE AS OF CHANGE: 20071226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MANOR CARE INC CENTRAL INDEX KEY: 0000878736 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-SKILLED NURSING CARE FACILITIES [8051] IRS NUMBER: 341687107 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10858 FILM NUMBER: 071325063 BUSINESS ADDRESS: STREET 1: 333 N. SUMMIT STREET CITY: TOLEDO STATE: OH ZIP: 43604-2617 BUSINESS PHONE: 4192525500 MAIL ADDRESS: STREET 1: P.O. BOX 10086 CITY: TOLEDO STATE: OH ZIP: 43699-0086 FORMER COMPANY: FORMER CONFORMED NAME: HCR MANOR CARE INC DATE OF NAME CHANGE: 19981001 FORMER COMPANY: FORMER CONFORMED NAME: HEALTH CARE & RETIREMENT CORP / DE DATE OF NAME CHANGE: 19930328 8-K 1 form8k.htm CURRENT REPORT form8k.htm

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):
 
December 21, 2007
 
Manor Care, Inc.
 

(Exact name of registrant as specified in its charter)
 
Delaware
1-10858
34-1687107
_____________________
(State or other jurisdiction
_____________
(Commission
______________
(I.R.S. Employer
of incorporation)
File Number)
Identification No.)
     
333 N. Summit Street, Toledo, Ohio
 
43604-2617
_________________________________
(Address of principal executive offices)
 
___________
(Zip Code)
 
Registrant’s telephone number, including area code:
 
419-252-5500
 
Not Applicable

Former name or former address, if changed since last report
 
 

 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
 
[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 



Introductory Note

On December 21, 2007, Manor Care, Inc. (the “Company” or “Manor Care”), announced the completion of the merger of MCHCR-CP Merger Sub Inc., a Delaware corporation (the “Merger Sub”), with and into the Company.

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On December 21, 2007, the Company notified the New York Stock Exchange (the “NYSE”) that the Merger had been consummated and, accordingly, the holders of Manor Care’s stock (other than shares held in the Company’s treasury or owned by Merger Sub or Merger Sub’s sole stockholder) had, except as otherwise agreed, become entitled to receive $67.00 per share in cash, without interest, for each share of Manor Care common stock. The Company requested that trading of Manor Care common stock on the NYSE be suspended, effective at the opening of business on the business day immediately following the closing of the Merger.

Item 3.03. Material Modification to Rights of Security Holders

On December 21, 2007, pursuant to the terms of the Merger Agreement, each share of Manor Care common stock (other than shares held in the Company’s treasury or owned by Merger Sub or Merger Sub’s sole stockholder) issued and outstanding immediately prior to the effective time of the Merger was, except as otherwise agreed, canceled and automatically converted into the right to receive $67.00 per share in cash, without interest.

Item 8.01 Other Events.

A copy of the press release issued by the Company on December 21, 2007, announcing the consummation of the Merger is attached as an exhibit hereto and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits
(d) Exhibits

The exhibits to this report are listed in the Exhibit index attached hereto.
 
 

 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
Manor Care, Inc.
     
December 21, 2007
By:
 
     /s/ Paul A. Ormond
   
Name:  Paul A. Ormond
   
Title:    Chairman, President and Chief Executive Officer

 


 
Exhibit No.
Description of Exhibit
 
99.1
Press Release dated December 21, 2007, issued by Manor Care, Inc.
 


EX-99.1 2 ex99-1.htm PRESS RELEASE ex99-1.htm
 
Exhibit 99.1
 
News Release
For Immediate Release
Contacts:
Manor Care
Carlyle
Steven M. Cavanaugh, Chief Financial Officer
Chris Ullman, Director of Global Communications
419/252-5601
202/729-5399
scavanaugh@hcr-manorcare.com
chris.ullman@carlyle.com
 
 
The Carlyle Group Completes Transaction with Manor Care
 
Temporary Restraining Order Dissolved in Michigan
 
TOLEDO, Ohio, December 21, 2007 – Manor Care, Inc. (NYSE:HCR) today announced that global private equity firm The Carlyle Group has completed its $6.3 billion acquisition of Manor Care.  Manor Care stockholders will receive $67.00 in cash for each share of common stock owned.  The current Manor Care management team, led by Chairman, President and Chief Executive Officer Paul A. Ormond, will continue to operate the business.  Manor Care also announced that the temporary restraining order filed yesterday in Michigan has been dissolved. 
“We are pleased with this successful outcome,” said Mr. Ormond.  “We look forward to working with Carlyle and continuing to provide quality care to our patients and residents.” 
Karen Bechtel, Carlyle Managing Director and Global Head of Healthcare, said, “We are pleased to back a high-quality company and management team.  We support Paul Ormond’s strategic vision and support his commitment to quality patient care.” 
On October 17, 2007, Manor Care’s stockholders approved the merger agreement at a special meeting, with more than 99 percent of shares present voting for approval.  The number of shares voting to approve the merger agreement represented more than 76 percent of the total number of shares outstanding and entitled to vote. 
As a result of this transaction, Manor Care stock will cease trading on the New York Stock Exchange at market close today, December 21, 2007.  Stockholders who hold shares through a bank or broker will not have to take any action to have their shares converted into cash, since these conversions will be handled by the bank or broker.  Stockholders who hold certificates can exchange their certificates for $67.00 per share in cash, without interest, through Manor Care’s transfer and paying agent, National City Bank.  National City will send out instructions to registered stockholders in the next several days regarding specific actions stockholders will need to take to exchange their shares for the merger consideration.
 
 

 
 
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. 
The Carlyle Group is a global private equity firm with $74.9 billion under management committed to 57 funds.  Carlyle invests in buyouts, venture & growth capital, real estate and leveraged finance in Africa, Asia, Australia, Europe, North America and South America, focusing on aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, technology & business services and telecommunications & media.  Since 1987, the firm has invested $37.7 billion of equity in 737 transactions for a total purchase price of $213.1 billion.  The Carlyle Group employs more than 990 people in 21 countries.  In the aggregate, Carlyle portfolio companies have more than $87 billion in revenue and employ more than 286,000 people around the world www.carlyle.com.
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