Bankrupt nursing-home operator HCR ManorCare Inc. won confirmation of its latest chapter 11 restructuring plan yesterday, WSJ Pro Bankruptcy reported. HCR ManorCare filed for bankruptcy in March, after falling behind on rent to Quality Care Properties Inc. for nearly a year. Quality Care gave HCR ManorCare several breaks on rent, but ultimately sued to replace HCR ManorCare’s management. Negotiations between Quality Care and HCR ManorCare led to a prepackaged chapter 11 filing by HCR ManorCare, with its landlord expected to eventually take control. HCR ManorCare’s operating business has stayed out of bankruptcy.
