SEIU to protest Manor Care buyout today
Shareholders of Manor Care Inc. may encounter protesters before they vote on a $6.3 billion buyout of the chain by The Carlyle Group today.Nursing home workers and supporters are traveling to Toledo, OH, the home base of Manor Care, to dissuade shareholders from voting for the sale. The vote will take place during the company's annual meeting. The Service Employees Union, which represents long-term care employees, has organized the rally. Following the vote, a group of Manor Care workers and their supporters said they would travel by caravan to The Carlyle Group's headquarters in Washington, D.C., to hold demonstrations and lobby members of Congress.
The SEIU has been protesting the sale of the company for several weeks. It believes that The Carlyle Group will cut workers and benefits as a way to boost profits. The deal is expected to close in the fourth quarter.