COMPANY·HISTORIES
SIC 8051

Skilled Nursing Care Facilities

How the companies in this industry began, and the forces that shaped them.

14companies1955–1990founding years14still active0no longer operating
§ 01

The industry over time

Companies foundedEconomyTechnologyEnvironment
FoundedThe Hillhaven CorporationFoundedThe Hillhaven Corporation
1955
1956
EconomyThe Interstate Highway program remakes commerce.
1958
TechnologyThe integrated circuit is demonstrated.
1962
EnvironmentSilent Spring launches the modern environmental movement.
FoundedBeverly Enterprises, Inc.FoundedBeverly Enterprises, Inc.
1964
FoundedManor Care, Inc.FoundedManor Care, Inc.
1968
1970
EnvironmentThe EPA is founded; environmental regulation expands.
1971
EconomyThe dollar leaves the gold standard; Nasdaq opens.
1973
EconomyThe OPEC oil embargo triggers a global shock.
FoundedPHP Healthcare CorporationFoundedPHP Healthcare Corporation
1975
TechnologyThe personal-computer era begins with the Altair.
1979
EconomyA second oil crisis drives inflation higher.
1981
TechnologyThe IBM PC launches and sets a standard.
1984
TechnologyApple ships the Macintosh; the GUI era begins.
FoundedContinental Medical Systems, Inc.FoundedContinental Medical Systems, Inc.
1986
1987
EconomyBlack Monday: markets fall 22% in a single day.
FoundedSun Healthcare Group Inc.FoundedSun Healthcare Group Inc.
1989
FoundedGranCare, Inc.FoundedGranCare, Inc.
1990
1991
TechnologyThe World Wide Web is released to the public.
1993
TechnologyThe Mosaic browser brings the web to everyone.
1995
TechnologyWindows 95 launches; the internet goes mainstream.
1997
EconomyThe Asian financial crisis rattles global markets.
EnvironmentThe Kyoto Protocol sets the first climate targets.
2000
EconomyThe dot-com bubble bursts.
2001
EconomyThe September 11 attacks; a recession follows.
2004
TechnologySocial media and Web 2.0 begin to take hold.
2007
TechnologyThe iPhone launches the smartphone era.
2008
EconomyThe global financial crisis freezes credit.
2010
TechnologyCloud computing goes mainstream for business.
2015
EnvironmentThe Paris Agreement sets global climate targets.
2020
EconomyThe COVID-19 pandemic upends the global economy.
2022
EconomyInflation spikes; central banks raise rates sharply.
2023
TechnologyGenerative AI reaches mainstream business use.
§ 02

The companies

The Hillhaven Corporation →
Active · founded 1955
One of the largest diversified health care providers in the United States, The Hillhaven Corporation owned, leased, and…
The Hillhaven Corporation →
Active · founded 1955
One of the largest diversified health care providers in the United States, The Hillhaven Corporation owned, leased, and…
Beverly Enterprises, Inc. →
Active · founded 1964
Beverly Enterprises is the largest nursing home chain in the United States.
Beverly Enterprises, Inc. →
Active · founded 1964
Beverly Enterprises is the largest nursing home chain in the United States.
Manor Care, Inc. →
Active · founded 1968
Manor Care, Inc.
Manor Care, Inc. →
Active · founded 1968
Manor Care, Inc.
PHP Healthcare Corporation →
Active · founded 1975
PHP Healthcare Corporation and its subsidiaries develop, consolidate, and manage the delivery of healthcare and related…
PHP Healthcare Corporation →
Active · founded 1975
PHP Healthcare Corporation and its subsidiaries develop, consolidate, and manage the delivery of healthcare and related…
Continental Medical Systems, Inc. →
Active · founded 1986
Continental Medical Systems, Inc.
Continental Medical Systems, Inc. →
Active · founded 1986
Continental Medical Systems, Inc.
Sun Healthcare Group Inc. →
Active · founded 1989
Headquartered in Albuquerque, New Mexico, Sun Healthcare Group Inc.
Sun Healthcare Group Inc. →
Active · founded 1989
Headquartered in Albuquerque, New Mexico, Sun Healthcare Group Inc.
GranCare, Inc. →
Active · founded 1990
GranCare, Inc., is a leading U.S.
GranCare, Inc. →
Active · founded 1990
GranCare, Inc., is a leading U.S.
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