Welltower And ProMedica Health System Complete Acquisition Of Quality Care Properties And HCR ManorCare For $4.4 Billion. This first of its kind partnership between Welltower and a health system propels ProMedica  into the top 15 largest U.S. nonprofit health systems and scales its presence across full spectrum of care, including wellness, skilled nursing, memory care, assisted living, hospice, home care and health plans. Welltower Inc., a leading global provider of healthcare infrastructure, and ProMedica, a mission-based, not-for-profit healthcare system, announced today the successful close of their joint venture acquisition of Quality Care Properties, Inc.  and its principal tenants, HCR ManorCare and Arden Courts, the nation's second largest provider of post-acute services and long-term care. "Together with ProMedica, one of the largest and most innovative health systems in the U.S., this acquisition of HCR ManorCare provides us the platform to think differently about where healthcare services are delivered, particularly with respect to the aging of the population," said Tom DeRosa, Chief Executive Officer of Welltower. "The close of this transformative joint venture further validates our health system strategy through which we leverage high-quality real estate to optimize care delivery at lower cost sites of care while remaining focused on improved outcomes." A presentation with additional background on the strategic opportunity this venture presents will be accessible on the investor section of Welltower's website. Tom DeRosa is also featured on CNBC discussing the acquistion of Quality Care Properties, coining a new term payvider