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Manor Care

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BUSINESS
June 28, 1991
This Silver Spring-based health care and international lodging firm had a 26 percent increase in earnings per share in the quarter that ended May 31, compared with the same quarter a year earlier. For the fiscal year, Manor Care's earnings per share shot up 23 percent.Purchase of the Econo Lodge chain aided the company's growth.Manor Care also announced that its board had approved a first-quarter cash dividend of 3.3 cents.Manor Care's franchise lodging subsidiary, Choice Hotels International, markets hotels in several countries under the names Quality, Clarion and Econo Lodge, among others.
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NEWS
By Julie Bykowicz and Julie Bykowicz,julie.bykowicz@baltsun.com | December 26, 2009
It has been more than half a century since Nathan Garrett and Kernie Thompson marched across Europe together in World War II, but they recognized each other immediately this week in the physical therapy room of a Baltimore County rehabilitation facility. They both moved to Baltimore after the war to work for Bethlehem Steel, but they hadn't seen each other in decades. Now the two war buddies are sharing a room at Manor Care, retelling old tales across their hospital beds. "We went through a whole lot in Europe," said Thompson, at 84 the younger of the two. "Garrett was a good soldier and a good friend."
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BUSINESS
By Donald Saltz | March 20, 1992
Companies that are able to pare the cost of employees have taken a major step toward increasing profits, and it is usually during times of necessity -- such as when the country is in a recession -- that they are serious enough to cut labor costs.This week, Manor Care of Silver Spring, the largest manager of hotels in the United States as well as a major operator of nursing homes, reported a huge jump in third-quarter earnings -- up 72 percent from the comparable period a year earlier. In reporting the quarterly results, the company noted the importance to earnings of holding down its labor expense.
NEWS
By Frederick N. Rasmussen | July 30, 2009
Effie S. James, a retired insurance agent who attributed her longevity to walking, died in her sleep Friday at Manor Care Roland Park. She was 104. Effie Turner, the daughter of a Civil War veteran who had fought with the Union Army, was born and raised in Northampton County, Va. Mrs. James earned a degree in the 1920s from the old Virginia State Normal School, now Virginia State University, in Petersburg. She also attended Coppin State. She was an insurance agent for North Carolina Mutual Insurance Co. and worked for 25 years in the same capacity until retiring in the 1960s from Mutual Benefit Society of Baltimore.
BUSINESS
By Donald Saltz | September 27, 1991
Silver Spring-headquartered Manor Care Inc. recently reported a $2 million increase in earnings for its first fiscal quarter ended Aug. 31, to $10.5 million. That was a nearly 24 percent gain for the company that is a major player in both the health care and hotel industries.Manor Care is on a roll. Sales and earnings have been rising steadily and the outlook is for a long run of the same. Based on current earnings per share -- 84 cents in the latest fiscal year and 90 cents in the past four quarters -- the stock does not appear to be cheap.
BUSINESS
By Patricia Meisol and Patricia Meisol,Sun Staff Writer | June 28, 1994
Manor Care, the Silver Spring-based nursing home and hotel company, said yesterday that its net income increased 32 percent in the year that ended May 31, largely as the result of higher occupancy levels in its two businesses.Net income was $78.4 million, or $1.29 a share, up from $59.4 million, or $1.04 a share, in the previous fiscal year.Health care revenues, which account for 80 percent of the business, rose 11 percent for the year and 12 percent for the fourth quarter, to $923.3 million and $246.
BUSINESS
August 31, 1996
Manor Care will begin Monday using the name ManorCare Health Services on all its facilities for the elderly -- now operating under seven names in 28 states -- the company announced yesterday.Leslie Keenan, director of communications, said the change was being made to show that the various facilities, some picked up in acquisitions and operating under old names, are all operated by RTC the same company.Also, she said, Manor Care has been known primarily for nursing homes, and the new name will make it clear that it offers a "continuum of services" including assisted living, post-hospital care and skilled nursing homes.
BUSINESS
By Bloomberg Business News | November 12, 1992
SILVER SPRING -- Manor Care Inc. said it plans an early redemption of $125 million of 11.375 percent senior subordinated notes due in 1998.The notes may be redeemed after Jan. 15 at 102.5 percent of their principal amount, plus accrued interest to the redemption date.Manor Care intends to pay for the redemption by offering $125 million of senior subordinated notes in a public offering to be managed by Dillon, Read & Co. Inc. and Kidder, Peabody & Co.Manor Care operates 167 long-term health care facilities with a total of 22,839 beds in 28 states.
BUSINESS
By Maria Mallory | March 14, 1991
After dropping $2.625 Tuesday, shares of Manor Care Inc. recovered nearly half that loss yesterday as Wall Street partially forgave the Silver Spring-based company for its disappointing third-quarter results.The company's shares closed yesterday at $18.125, up $1.125, on the New York Stock Exchange.According to Margot Vignola, a Salomon Bros. analyst, Manor Care's stock "got nailed" Tuesday after the company's announcement that its net earnings for the period that ended Feb. 28 amounted to $5.3 million, or 14 cents a share.
NEWS
By RICHARD IRWIN | August 4, 2008
An electrical fire Saturday night in the basement of a nursing facility in Rossville forced the evacuation or relocation of more than 100 patients, a county Fire Department spokesman said. There were no injuries. Shortly before 11 p.m., a fire was reported in an electrical room controlling the elevators at Manor Care in the 6600 block of Ridge Road, bringing firefighters from several stations, said Lt. James Artis, the spokesman. The fire is being investigated. Artis said 83 patients were taken from their rooms to the first floor by firefighters and staff members.
NEWS
February 17, 2007
On February 14, 2007, ALBERT R. JOHNS, departed this life from Manor Care of Roland Park. He is the devoted father of Shelonda Johns and Joyce Butts. Brother of the late Dorothy Mae Johns. Friends may call at the JOSEPH L. RUSS FUNERAL HOME, P.A., 2222 W. North Avenue, on Sunday from 2 to 6 P.M. Family hour Monday, 10:30 A.M., with funeral to follow at 11 at New Metropolitan Baptist Church, 1501 McCulloh Street.
NEWS
March 2, 2006
Felicia B. Glorioso, a retired department store sales associate and telephone solicitor who enjoyed a weekly crab lunch and margarita at a Towson crab house, died of congestive heart failure Feb. 23 at Manor Care Ruxton. She was 95. She was born Felicia Barranco in Washington, the daughter of Sicilian immigrants. In 1918, she moved with her family to Keyworth Avenue in Baltimore and graduated from Forest Park High School in 1928. Before her 1930 marriage to Charles Glorioso, she sold women's apparel at the old Hochschild-Kohn's downtown department store.
NEWS
February 8, 2004
MARY ALICE EDWARDS, Age 78, formerly of Woodlawn, MD died on Friday, January 30, 2004 at Manor Care of Fair Oaks. She was born on November 10, 1925 in Norfolk, VA to the late Charles and Caldonia Harper Perry. Mary was the loving and devoted mother of Sondra Shippen of Brookhaven, PA, Carol Steele of Reston, VA and Clarence Daryl Edwards of Washington, DC, sister of Clarence L. Perry of Baltimore, MD. She is also survived by three grandchildren.A Memorial Service will be held on Saturday, February 7 at 5 P.M. at Manor Care of Fair Oaks, 12475 Lee Jackson Memorial Hwy, Fairfax, VA. The family will receive friends on Saturday, February 7 at 7 P.M. at Carol's home in Reston, VA. Arrangements by Adams-Green Funeral Home, Herndon, VA.
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