Prevent Products Inc. has introduced new hip protectors with PPI-RAP™ (Rapid Absorption Polymer), a new foam technology that rapidly absorbs impact shock.
WellPoint to acquire CareMore for $800 million
Jun 10, 2011
In a move to boost its profile in the senior care industry, insurance behemoth WellPoint Inc. is acquiring the California healthcare provider CareMore Health Group in an $800 million deal.
Nursing home providers agree to $14 million settlement in kickback case
Mar 02, 2010
Mariner Health Care Inc. and SavaSenior Care have agreed to pay $14 million to the U.S. in the latest development in the Omnicare pharmacy kickback scandal, according to new reports.
Higher sales spur rebound for Kindred Healthcare
By
Haymarket Media
Mar 02, 2005
An 11% sales increase helped drive up fourth-quarter profits for nursing home operator Kindred Healthcare Inc. That compares to a loss for the same period a year ago.
Kindred’s profits fall in the 2010 first quarter
May 07, 2010
Kindred Healthcare Inc.’s earnings fell by 35% in the first quarter of 2010 to about $15 million, the long-term care company reported this week.
Beverly says “no” to $1.2 billion takeover offer from investor group
By
Haymarket Media
Feb 04, 2005
Executives at Beverly Enterprises Inc. (BEI) rejected a purchase offer from an investment group Thursday, saying the proposal was “not in the best interest” of the company or its shareholders.
CompanyBriefs for October 2014
Oct 01, 2014
» Healthsense Inc. raised $10 million from Mansa Capital. Mansa Capital Managing Partner and Chief Investment Officer Ruben King-Shaw Jr. will join the Healthsense Board of Directors.
Federal law does not allow former nursing home resident to sue over involuntary discharge, court rules
By
Tim Mullaney
May 14, 2014
A woman involuntarily discharged from an Illinois nursing home does not have the right to file suit under the federal law regulating Medicaid providers, a federal court ruled Monday.
Judge lets kickback case vs. therapy provider go forward
By
McKnight's Staff
May 01, 2013
A whistleblower lawsuit involving a nursing home chain and therapy providers in Missouri can move forward, a federal judge has ruled. The False Claims Act case originated with allegations that a therapy...
Billing system overhauled at Optimus EMR
Jun 19, 2013
Optimus EMR Inc. announced the launch of its new Optimus Billing and Financial System (OBFS) last week.
The OBFS is fully integrated with the company’s EMR clinical system, sharing one point of entry...