Carlyle Group cedes control of HCR ManorCare: New York Post

Carlyle Group is ceding control of nursing home chain, HCR ManorCare, which has defaulted on $380 million in senior loans, according to the New York Post. HCR’s creditors are in advanced talks with HCR’s landlord, Quality Care Properties, about repossessing the chain, the story said. Jim Pagoaga, head of HCR ManorCare’s rehabilitation division since 1998, has also exited recently, the NY Post said.