HCR MANORCARE INC

EIN: 825373223 501(c)(3) Health Care

TOLEDO, OH

Total Revenue
$1,049,743,119
Total Expenses
$1,321,859,535
Total Assets
$680,591,181
Net Assets
$-507,656,779
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
OH
Principal Officer
TERRENCE METZGER
Phone
4192525772
Tax Period
2023-01-01 to 2023-12-31

HCR MANORCARE INC, founded in 2018, is a large national nonprofit in the Health Care sector that reported $1.0B in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $1.3B exceeded revenue, resulting in a 26% operating deficit.

Mission

OUR MISSION IS TO IMPROVE YOUR HEALTH AND WELL-BEING

Program Service Accomplishments

Program 1
Expenses: $392,888,351 Revenue: $310,550,543

SKILLED NURSING AND REHABILITATION SERVICES:HCR MANORCARE'S SKILLED NURSING FACILITIES (SNF), THE MAJORITY OF WHICH DO BUSINESS UNDER THE TRADE NAMES "HEARTLAND AND "MANORCARE HEALTH SERVICES,"...

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SKILLED NURSING AND REHABILITATION SERVICES:HCR MANORCARE'S SKILLED NURSING FACILITIES (SNF), THE MAJORITY OF WHICH DO BUSINESS UNDER THE TRADE NAMES "HEARTLAND AND "MANORCARE HEALTH SERVICES," PROVIDE SKILLED NURSING AND REHABILITATION SERVICES DURING RECOVERY AFTER A HOSPITALIZATION STAY. HCR MANORCARE IS THE POST-ACUTE DIVISION OF PROMEDICA HEALTH SYSTEM, INC. (PROMEDICA), A MISSION BASED, NOT-FOR-PROFIT HEALTHCARE ORGANIZATION FOCUSED ON THE HEALTH AND WELLBEING OF THE COMMUNITIES IT SERVES. HEADQUARTERED IN TOLEDO, OHIO, HCR MANORCARE OPERATES 157 SKILLED NURSING CENTERS WHICH PROVIDE SHORT TERM REHABILITATION AND LONG-TERM CARE ASSISTANCE 24 HOURS A DAY TO THOSE WHO MEET THE SKILLED NURSING REQUIREMENTS AND CANNOT LIVE INDEPENDENTLY. REHABILITATION SERVICES PROVIDE PATIENTS WITH THE TOOLS THEY NEED TO RETURN HOME OR TO FUNCTION AT THEIR HIGHEST POTENTIAL. THESE SERVICES INCLUDE PHYSICAL AND OCCUPATIONAL THERAPIES, AS WELL AS SPEECH AND LANGUAGE PATHOLOGY. ADDITIONAL SERVICES SUCH AS PALLIATIVE AND HOSPICE CARE CAN ALSO BE PROVIDED IN THE SKILLED NURSING SETTING. IN 2023, HCR MANORCARE'S SNFS PROVIDED OVER 979,266 CARE DAYS TO ITS PATIENTS AND RESIDENTS.IN 2023, HCR MANORCARE'S SNFS EXPENDED 237,356,793 IN NET PAYROLL. A TOTAL OF $6,720,184 WAS WITHHELD IN EMPLOYEE STATE AND LOCAL TAXES. PROMEDICA SENIOR CARE'S SKILLED NURSING AND REHABILITATION CENTERS, PRIMARILY OPERATING UNDER THE BRAND NAMES PROMEDICA, HEARTLAND AND MANORCARE, DEMONSTRATE PROMEDICA'S MISSION AND CORE VALUES BY PROVIDING HIGH-QUALITY HEALTH CARE TO ALL ELIGIBLE PATIENTS REGARDLESS OF THEIR RACE, CREED, NATIONAL ORIGIN, DISABILITY OR AGE. THE CENTERS PROVIDE PATIENTS WITH HOME ASSESSMENTS AND COMMUNITY RESOURCES FOR A SAFE AND HEALTHY TRANSITION HOME. THE CENTERS GRANT PATIENTS AND RESIDENTS THEIR WISHES THROUGH THE ORGANIZATION'S HEARTS' DESIRE PROGRAM.

Program 2
Expenses: $263,570,533 Revenue: $471,228,840

HOME HEALTH AND HOSPICE SERVICES:HCR MANORCARE'S HOME HEALTH AND HOSPICE SERVICES (HHH), THE MAJORITY OF WHICH DO BUSINESS AS HEARTLAND HOME HEALTH CARE AND HEARTLAND HOSPICE CARE, PROVIDE NURSING...

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HOME HEALTH AND HOSPICE SERVICES:HCR MANORCARE'S HOME HEALTH AND HOSPICE SERVICES (HHH), THE MAJORITY OF WHICH DO BUSINESS AS HEARTLAND HOME HEALTH CARE AND HEARTLAND HOSPICE CARE, PROVIDE NURSING, REHABILITATION, SOCIAL SERVICES, PALLIATIVE CARE, BEREAVEMENT AND PATIENT AND FAMILY COUNSELING SERVICES FOR PATIENTS RECOVERING FROM A HOSPITAL STAY OR DIAGNOSED WITH A TERMINAL ILLNESS. HCR MANORCARE IS THE POST-ACUTE DIVISION OF PROMEDICA HEALTH SYSTEM, INC. (PROMEDICA), A MISSION BASED, NOT-FOR-PROFIT HEALTHCARE ORGANIZATION FOCUSED ON THE HEALTH AND WELLBEING OF THE COMMUNITIES IT SERVES. HCR MANORCARE PROVIDES HOME HEALTH AND HOSPICE SERVICES IN MORE THAN 115 MARKETS ACROSS THE COUNTRY.HOME HEALTH CAREGIVERS PROVIDE NURSING AND REHABILITATION SERVICES TO PATIENTS AT HOME AND IN SKILLED NURSING OR ASSISTED LIVING FACILITIES. HOME HEALTH CARE SERVICES ARE DESIGNED TO ASSIST THOSE INDIVIDUALS WHO WISH TO STAY AT HOME OR IN ANOTHER RESIDENTIAL SETTING BUT STILL REQUIRE SOME DEGREE OF MEDICAL CARE OR ASSISTANCE WITH DAILY ACTIVITIES, AS WELL AS PATIENTS WHO CONTINUE TO REQUIRE SERVICES AFTER HAVING BEEN DISCHARGED FROM A HIGHER ACUITY SETTING. NURSES AND THERAPISTS PROVIDE SERVICES SUCH AS WOUND CARE, INFUSION THERAPY, REHABILITATION, AND ASSIST PATIENTS WITH DAILY ACTIVITIES. HOSPICE SERVICES ARE DESIGNED TO PROVIDE A BROAD RANGE OF SERVICES TO PATIENTS NEARING THE END OF LIFE. HOSPICE SERVICES CAN INCLUDE PAIN AND SYMPTOM MANAGEMENT, SKILLED NURSING CARE, PHYSICIAN SERVICES, HOME HEALTH AIDE, PATIENT COUNSELING, AND FAMILY BEREAVEMENT COUNSELING. SERVICES ARE PROVIDED BY AN INTERDISCIPLINARY TEAM CONSISTING OF NURSES, SOCIAL WORKERS, SPIRITUAL CARE COORDINATORS, BEREAVEMENT COORDINATORS AND NURSE PRACTITIONERS. IN 2023, HCR MANORCARE'S HOSPICE CARE PROVIDED 23,672 STARTS OF CARE TO ITS PATIENTS.IN 2023, HCR MANORCARE'S HOME HEALTH CARE PROVIDED 184,587 TOTAL VISITS TO ITS PATIENTS.IN 2023, HCR MANORCARE'S HHHS EXPENDED $321,274,802 IN NET PAYROLL. A TOTAL OF $10,532,894 WAS WITHHELD IN EMPLOYEE STATE AND LOCAL TAXES. PROMEDICA SENIOR CARE'S HOME HEALTH AND HOSPICE AGENCIES, PRIMARILY OPERATING UNDER THE BRAND NAMES PROMEDICA AND HEARTLAND, DEMONSTRATE PROMEDICA'S MISSION AND CORE VALUES BY PROVIDING HIGH-QUALITY CARE AND SUPPORT TO ALL ELIGIBLE PATIENTS AND FAMILIES REGARDLESS OF THEIR RACE, CREED, NATIONAL ORIGIN, DISABILITY OR AGE. AS WE NAVIGATE THROUGH COVID AND ADDRESS WORKFORCE CHALLENGES, THE FACILITIES ARE WORKING WITH OUR SOCIAL DETERMINANTS OF HEALTH TEAM TO HELP ASSESS EMPLOYEES' NEEDS SUCH AS TRANSPORTATION, ACCESS TO NUTRITIOUS FOOD AND CHILDCARE. ALSO, IN 2021, THE ORGANIZATION LAUNCHED A CUSTOM APP, PURPOSEFUL AND RESOURCEFUL WELL-BEING RESOURCES, TO EMPLOYEES. IN 2021, THE ORGANIZATION LAUNCHED DEI INITIATIVES ACROSS THE SYSTEM BY SPONSORING INCLUSION INNOVATION COMMUNITIES FOR EMPLOYEES AND HOSTING VIRTUAL AND IN-PERSON MEETINGS TO SHARE THE ORGANIZATION'S STRATEGIC DEI COMMITMENT TO INCREASE DIVERSITY, EQUITY AND INCLUSION FOR OUR EMPLOYEES, PATIENTS, RESIDENTS, VENDORS, AND THE COMMUNITIES WE SERVE. THE HOSPICE AGENCIES PREPARE PATIENTS AND THEIR FAMILY MEMBERS FOR END OF LIFE AND PROVIDE BEREAVEMENT COUNSELING AND FOLLOW-UP TO FAMILIES A YEAR AFTER THE PATIENT PASSES. THE AGENCIES ALSO PROVIDE UNIQUE SERVICES TO VETERANS, HOLIDAY SUPPORT, SUPPORT GROUPS, AND WORKSHOPS TO ANYONE IN THE COMMUNITY WHO NEEDS ADDITIONAL HELP TO GET THROUGH THE LOSS OF A LOVED ONE. PATIENTS' WISHES ARE GRANTED THROUGH THE ORGANIZATIONS HEART'S DESIRE PROGRAM. THROUGH GRANTS FROM THE HOSPICE MEMORIAL FUND, GRIEF CAMPS FOR CHILDREN AND ADULTS ARE OFFERED AS WELL AS EDUCATIONAL SESSIONS AND LIFE CELEBRATION EVENTS. THE FUND ALSO PROVIDES STABILIZING RESOURCES FOR HOSPICE PATIENTS AND FAMILIES IN FINANCIAL DISTRESS DUE TO THE LACK OF OR REDUCTION IN INCOME FROM TERMINAL ILLNESS OR DISEASE.

Program 3
Expenses: $461,886,245 Revenue: $232,766,158

ASSISTED LIVING FACILITIES:HCR MANORCARE'S ASSISTED LIVING FACILITIES (ALF), THE MAJORITY OF WHICH DO BUSINESS UNDER THE TRADE NAME ARDEN COURTS, PRIMARILY PROVIDE ASSISTED LIVING SERVICES FOR THOSE...

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ASSISTED LIVING FACILITIES:HCR MANORCARE'S ASSISTED LIVING FACILITIES (ALF), THE MAJORITY OF WHICH DO BUSINESS UNDER THE TRADE NAME ARDEN COURTS, PRIMARILY PROVIDE ASSISTED LIVING SERVICES FOR THOSE WHO ARE LIVING WITH A DEMENTIA DIAGNOSIS OR REQUIRE ASSISTANCE WITH ACTIVITIES OF DAILY LIVING. HCR MANORCARE IS THE POST-ACUTE DIVISION OF PROMEDICA HEALTH SYSTEM, INC. (PROMEDICA), A MISSION BASED, NOT-FOR-PROFIT HEALTHCARE ORGANIZATION FOCUSED ON THE HEALTH AND WELLBEING OF THE COMMUNITIES IT SERVES. HEADQUARTERED IN TOLEDO, OHIO, HCR MANORCARE OPERATES MORE THAN 50 ASSISTED LIVING FACILITIES WITH THE MAJORITY OF THE COMMUNITIES DESIGNED SPECIFICALLY FOR THOSE LIVING WITH ALZHEIMER'S OR RELATED DEMENTIA. ASSISTED LIVING COMMUNITIES PROVIDE ASSISTANCE WITH DRESSING, BATHING, MEALS, ACTIVITIES AND MEDICATIONS IN A HOMELIKE SETTING. PROGRAMMING ACTIVITIES ARE DESIGNED SPECIFICALLY FOR THE INDIVIDUAL RESIDENT'S NEEDS AND ABILITIES. ADDITIONAL SERVICES SUCH AS PALLIATIVE AND HOSPICE CARE CAN ALSO BE PROVIDED IN THE ASSISTED LIVING SETTING.IN 2023, HCR MANORCARE'S ALFS PROVIDED 1,011,984 DAYS OF CARE TO ITS RESIDENTS.IN 2023, HCR MANORCARE'S ALFS EXPENDED 134,090,637 IN NET PAYROLL. A TOTAL OF $3,501,809 WAS WITHHELD IN EMPLOYEE STATE AND LOCAL TAXES. PROMEDICA SENIOR CARE'S ASSISTED LIVING FACILITIES, PRIMARILY OPERATING UNDER THE BRAND NAME ARDEN COURTS, PROMEDICA MEMORY CARE COMMUNITIES, DEMONSTRATE PROMEDICA'S MISSION AND CORE VALUES BY PROVIDING HIGH-QUALITY CARE AND ENGAGEMENT TO ALL ELIGIBLE RESIDENTS REGARDLESS OF THEIR RACE, CREED, NATIONAL ORIGIN, DISABILITY, OR AGE. THE COMMUNITIES PROVIDE RESIDENTS WITH A PLACE TO PARTICIPATE AND THRIVE IN MEANINGFUL ACTIVITIES AND LIVE IN A SAFE ENVIRONMENT. THEY CONTINUE TO BALANCE AN ENGAGING SOCIAL MODEL WITH THE CLINICAL CARE RESIDENTS NEED TO REMAIN SAFELY IN THE COMMUNITY. THE FACILITIES PROVIDE ACTIVITIES AND VIRTUAL VISITS WITH FAMILY, COMMUNITY ENTERTAINMENT AND PET THERAPY. THE FACILITIES CONTINUED TO PROVIDE FAMILY AND COMMUNITY RESOURCES TO HELP COPE AND LIVE WITH SOMEONE WITH A DEMENTIA DIAGNOSIS. THE FACILITIES ALSO GRANT RESIDENTS THEIR WISHES THROUGH THE ORGANIZATION'S HEARTS' DESIRE PROGRAM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,079,923
Program Service Revenue $1,038,459,588
Investment Income $-3,837,879
Other Revenue $2,041,487
TOTAL REVENUE $1,049,743,119

Expense Breakdown

Grants Paid $0
Salaries & Benefits $695,952,157
Fundraising Expenses $0
Program Expenses $1,135,249,760
Other Expenses $625,907,378
TOTAL EXPENSES $1,321,859,535

Year-over-Year Comparison

2023 2022 Change
Revenue $1,049,743,119 $2,223,166,508 -0.5%
Expenses $1,321,859,535 $3,102,666,249 -0.6%
Net Income $-272,116,416 $-879,499,741 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
N/A
Employees
464
Volunteers
250

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$4,599,827
Total Directors
7
$2,774,615
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA BRANDT TRUSTEE-PART YEAR 1.00
Director
$0 $2,999 $1,236,230
STEVE STAELIN TRUSTEE 1.00
Director
$0 $0 $0
ROBERT LACLAIR TRUSTEE 1.00
Director
$0 $0 $30,000
RAVI NARRA TRUSTEE/PHYSICIAN 1.00
Director
$0 $5,857 $556,676
MARY JANE WURTH TRUSTEE - PART YEAR 1.00
Director
$0 $0 $30,000
JUSTIN SKIVER TRUSTEE/PRESIDENT 1.00
Director
$0 $7,106 $921,709
JAMES F WHITE JR TRUSTEE 1.00
Director
$0 $0 $0
STEVE SADOWSKI SECRETARY/CHIEF LEGAL OFFICER 1.00
Officer
$0 $6,028 $1,413,208
LOUIS ROBICHAUX TREASURER 1.00
Officer
$0 $0 $0
TERRENCE METZGER CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $4,079 $1,059,169
ARTURO POLIZZI PRESIDENT AND CEO 1.00
Officer
$0 $5,857 $2,127,450
IBRAHIM AWADA PHYSICAL THERAPIST 45.00
Highest
$162,055 $0 $162,055
BRUCE SIBBERSEN OPERATIONS MANAGER 45.00
Highest
$136,259 $0 $136,259
BRADLEY WILT PHYSICAL THERAPIST 45.00
Highest
$266,439 $1,823 $268,262
TERESE HIGGINS DIRECTOR OF HOME CARE OPERATIONS 45.00
Highest
$145,009 $0 $145,009
LINDA CHAMBERS ASSOCIATE VP, REHAB SERVICES 45.00
Highest
$160,193 $0 $160,193
STEVEN M CAVANAUGH TREASURER, CFO - FORMER 0.00
$0 $995 $1,336,175
JEFFREY C KUHN CHIEF LEGAL OFFICER - FORMER 0.00
$0 $30,922 $752,822
GARY AKENBERGER CHIEF EXECUTIVE OFFICER-FORMER 0.00
$0 $3,400 $551,730
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,049,743,119 $1,321,859,535 $680,591,181 $-272,116,416
2022 $2,223,166,508 $3,102,666,249 $2,136,703,502 $-879,499,741
2021 $2,659,786,778 $2,974,751,931 $5,253,916,811 $-314,965,153
2020 $2,854,370,955 $2,868,589,120 $4,332,496,062 $-14,218,165
2019 $3,005,373,148 $2,985,344,072 $4,492,041,234 $20,029,076
2018 $1,342,512,097 $1,305,493,708 $2,416,076,768 $37,018,389
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