The Carlyle Group is taking national skilled nursing and assisted living facility operator Manor Care private in a $6.3 billion deal that pays stockholders $67 per share. The chain operates 278 skilled nursing facilities and 65 assisted living centers across the United States. The equity firm is paying out roughly $4.9 billion in cash, and will also assume $1.4 billion in debt.

The Manor Care deal follows the recent $1.43 billion acquisition of nursing home operator Genesis HealthCare [1] by a consortium of investors. Analysts say both deals were triggered by the perception that elder care-oriented businesses can only get more valuable as the baby boomer generation continues to age.

To find out more about the deal:
- read this Dayton Business Journal piece [2]
- read this article [3] in The Baltimore Sun

Related Article:
Outpatient rehab merger creates major U.S. player. Article [4]