Stocks of nursing home REITs drop; analysts blame investor ‘over-reaction’
Nov 17, 2011
Stocks of the real estate investment trusts that serve nursing homes have been on a downward slide since July’s announcement of a $3.87 billion cut in Medicare reimbursements.
Carlyle plans $500 million IPO for HCR ManorCare
Jun 09, 2011
The Carlyle Group, the private equity owner of HCR ManorCare, is going to take the giant nursing home and assisted living operator public with a $500 million initial public offering, according to Reuters.
Microsoft wades into electronic medical records
By
Haymarket Media
Oct 08, 2007
Leapfrogging over the government and other information technology companies, Microsoft has introduced a free Web site for consumers to store and manage medical information.
FTC approves Manor Care purchase
By
Haymarket Media
Aug 16, 2007
The U.S. Federal Trade Commission gave the go-ahead for private equity firm Carlyle Group to purchase nursing home group Manor Care Inc. for $4.9 billion. Antitrust authorities said in an FTC notice that...
Economists: Medicare cuts could decrease supply of wheelchairs
By
Haymarket Media
Nov 06, 2006
When Medicare trims power-mobility benefits starting Nov. 15, wheelchair suppliers and other related services also will begin to cut back, industry analysts warn.
Report: Dual eligibles to cost more than others in drug plan
By
Haymarket Media
Sep 07, 2005
Dual eligibles will cost more than other beneficiaries for prescription drug plans participating in the new drug benefit, according to data released last month.
New shower released
Sep 27, 2016
Bestbath has unveiled its new 48-inch by 36-inch universal design shower with a look of subway tile.
Memory care community opened in Texas
Aug 09, 2016
An assisted living and memory care community, developed by Caddis, has opened in Arlington, TX.
Adult day center settles Medicaid false claims allegations for more than $385,000
By
May 05, 2016
A Virginia adult day center has agreed to pay $385,917 to settle allegations that it billed the state’s Medicaid program for transportation services that were never provided, the U.S. Department...
Sage to nora systems
Jun 21, 2013
Mike Sage has been named vice president of sales, North America for nora systems, Inc. Mike has more than 13 years of experience working for nora and will now oversee the sales efforts in the United States,...