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McLaren operates 14 hospitals, ambulatory surgery centers, imaging centers, a primary and specialty care physician network, commercial and Medicaid HMOs, home health and hospice providers, retail medical equipment showrooms, pharmacy services, and a wholly owned medical malpractice insurance company.
On February 20, 2020, Ultimate Software and Kronos Incorporated announced they agreed to form a new cloud computing venture specializing in workforce management and human capital management. The combined company, valued at $22 billion, would be one of the largest cloud computing companies.
On April 20, 2021, New York Stock Exchange listed REIT, Global Net Lease (NYSE: GNL), announced that they had agreed to acquire the McLaren Group Headquarters in a sale-leaseback transaction for £170 million. The transaction is expected to close in the second quarter of 2021 and will include a 20-year, NNN lease with no landlord obligations.
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The group was founded by Ron Dennis shortly after his acquisition of the McLaren Formula One team in 1981, as the TAG McLaren Group due to a partnership with Mansour Ojjeh 's TAG Group. The Formula One team had been established by New Zealander Bruce McLaren in 1963. McLaren Group was renamed McLaren Technology Group in 2015.