>>15296043
fucking DISNEY.
NURSING HOMES.
SEX TRAFFICKING IN HOTELS.
Stewart W. Bainum Jr. Business career
Bainum joined his father's Manor Care business in 1972 as the director of development and became senior vice president two years later.[6] In 1977, Bainum and his father created a five-year strategy to grow the business' nursing home development through a series of acquisitions and became the first nursing home operation with a corporate marketing department.[6] The Washington Business Journal called Bainum the "quarterback of the company's expansion strategy".[7] From 1972 to 1985, the company's net worth increased from $8 million to $767 million.[8] Seven years after Bainum introduced its mergers and acquisitions plan, Manor Care annual revenues increased from $31 million in 1976[9] to about $500 million.[6]
Bainum led an unsolicited tender offer for Hillhaven Corporation in 1979.[6] Manor Care, a company with a net worth of about $10 million in the late 1970s,[7] gained ownership of 55 percent of Hillhaven's common stock, and sold it a year later making $5 million.[6] Bainum led Manor Care's acquisition of Quality Inns, Inc., in 1980.[6] In 1981, Manor Care acquired Cenco, a private-pay nursing home chain, tripling its size.[6]
By 1983, Manor Care became the United States' second-largest nursing home company.[6] Bainum took over for his father, becoming chairman and CEO in 1987.[10] With Bainum as chairman and CEO, the company spent $280 million to build 39 nursing homes over four years from the late 1980s into the 1990s.[11] Bainum brought in executives from Marriott and The Walt Disney Company, including Disney's Chuck Shields, to bolster management, develop new human resources strategies and redesign compensation packages.[5][12] Bainum instituted programs to reduce turnover of nursing care facility administrators and expanded Manor Care's subacute care facilities in the 1990s to take advantage of a trend in "dehospitalization".[13]