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Business Description
Manor Care, Inc. provides a range of healthcare services, including skilled nursing care, assisted living, subacute medical and rehabilitation care, rehabilitation therapy, hospice care, home healthcare and management services for subacute care and rehabilitation therapy. The most significant portion of its business relates to long-term care, including skilled nursing care and assisted living. The Company's other segment is hospice and home healthcare.

Financial Information
For the nine months ended 9/30/04, revenues rose 7% to $2.40 billion. Net income rose 48% to $120.3M. Revenues reflect improved occupancy levels and Medicaid rate increases. Net income also reflects fewer general and administrative expenses and increased equity earnings from affiliated companies.