1 Exhibit 99 MANORCARE FOR IMMEDIATE RELEASE Contact Geoffrey G. Meyers, Chief Financial Officer 419/252-5545 e-mail gmeyers@hcr-manorcare.com SPECIAL COMMITTEE OF MANOR CARE'S BOARD EXPLORING ALTERNATIVES TOLEDO, Ohio March 3, 2000 - Manor Care, Inc. (NYSE;HCR) announced today, that in response to an expression of interest, a Special Committee of its Board of Directors is exploring various strategic alternatives, including a possible sale of the company. The Committee has received an acquisition proposal from one group, which includes members of the company's senior management, and is inviting interested parties to submit proposals for its consideration. The Committee intends to review any proposals with its financial advisor, Warburg Dillon Reed, and its legal counsel, Fried, Frank, Harris, Shriver & Jacobson. The company emphasized that there can be no assurance that any transaction will result from this process. -30-