Carlyle's Manor Care Buy Gets Green Light

The Pennsylvania Health Department has approved the sale of Manor Care Inc. (NYSE: HCR), a nursing-home chain, to The Carlyle Group, despite concerns raised by the state's largest health care union. The Associated Press reported that officials of Toledo, Ohio-based Manor Care sought to convince state regulators that the $6.3 billion sale would not affect the quality of care provided to more than 7,000 patients in Pennsylvania.