Extendicare to spin off assisted living unit, convert itself into trust
By
Haymarket Media
Jun 02, 2006
In a move to boost shareholder value, Extendicare Inc. disclosed on Wednesday that it will spin off one of its units and convert its remaining business into a real estate investment trust.
Clinical briefs for Wednesday, Jan. 20
By
Amy Novotney
Jan 20, 2021
COVID-19 mutations rapidly popping up … Nearly half of seniors lack online medical accounts: report … CA pauses administration of single lot of Moderna vaccine after possible allergic reactions …...
Omnicare’s third quarter net income increases
By
Haymarket Media
Nov 03, 2004
Omnicare Inc. posted third-quarter net income earnings of $55.9 million, up from $48.8 million a year earlier. The company said the increase was due to acquisitions and increased prescription usage.
Clinical briefs for Friday, April 9
By
Alicia Lasek
Apr 09, 2021
Focus shifts to short-stay residents to prevent future COVID-19 outbreaks … U.S. COVID vaccination rates to plateau in April, survey results suggest … U.S. hits COVID shot target; 25% of adults now...
Managed Health Care Associates rolls out CTM software
Mar 18, 2015
Managed Health Care Associates Inc. announced the rollout of its full Clinical Therapy Management patient management software system for pharmacy and infusion providers.
KeyBank Real Estate Capital provides $32 million in financing
Jul 11, 2012
KeyBank Real Estate Capital recently provided $32 million in financing through Fannie Mae for five assisted living and memory care communities across five states.
Botched Louisiana evacuation brings more federal scrutiny of LTC operators
By
Danielle Brown
Oct 04, 2021
Providers across the country may now be subject to stricter emergency preparedness requirements following a botched evacuation during Hurricane Ida that left 15 Louisiana residents dead.
Welltower chief calls $880M agreement with Genesis ‘mutually beneficial’ for companies’ shareholders
By
Danielle Brown
Apr 30, 2021
Welltower executives believe its $880 million agreement with Genesis HealthCare will work out favorably for both companies in their efforts toward post-COVID recovery.
Pandemic’s impact on nursing homes, seniors may affect presidential election, report finds
By
Danielle Brown
Sep 23, 2020
Some voters could hold President Donald Trump’s handling of the coronavirus pandemic and its deadly impact on nursing homes against him when they head to the polls in November, according to a new polling...
Rehab firm’s overbilling will cost provider $1 million-plus
By
James M. Berklan
Nov 01, 2014
The fallout from a recent spike in rehabilitation charges to government payers continued to make headlines in September. This time, a nursing home company was blamed for insufficient oversight of its contract...