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Focus: A bid to save $300 million at HCR ManorCare, and disrupt U.S. healthcare

Reuters  |  CHICAGO 

By Tracy Rucinski CHICAGO (Reuters) - Thomas DeRosa is making a $4 billion bet that he can build a national, low-cost healthcare network for America's aging population that will succeed where so many other models have struggled. His secret: strip out the "for-profit" business model, and leverage the real estate in nursing homes for outpatient care. DeRosa's strategy starts with buying out the property of the huge bankrupt nursing home chain HCR ManorCare, and teaming up with a non-profit hospital operator, ProMedica, to create a 30-state healthcare system.His own company, real estate ...

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First Published: Tue, May 15 2018. 16:47 IST