Beverly gets interest from more than 12 possible buyers
By
Haymarket Media
Apr 08, 2005
More than a dozen interested parties have approached BEI since it opted to sell itself in an auction last month, the Fort Smith, AR-based nursing home chain disclosed this week.
Extendicare Inc., one of the largest skilled nursing chains in North America, more than tripled its profits in the fourth quarter, despite lower sales. The company benefited from a $66.8 million cash dividend...
Aviv finally finds success with $279M initial public offering
By
McKnight's Staff
May 01, 2013
Aviv REIT Inc. netted nearly $279 million in an initial public offering of common stock. The Chicago-based company first tried to go public in 2008 but was stopped by the economic crisis, and a 2009 attempt...
BusinessBriefs
Aug 01, 2013
» Cambridge Realty Capital Companies recently arranged $24 million in Housing and Urban Development loans to refinance skilled nursing facilities with a total of 549 beds in three states. The loans will...
Nursing home hospice doctor faces up to 25 years in jail after kickback conviction
By
McKnight's Staff
Jun 05, 2013
A federal jury recently convicted a Philadelphia physician of receiving kickbacks from a hospice provider in exchange for referring Medicare and Medicaid patients. Eugene Goldman, M.D., will be sentenced...
Kidney care company partners with geriatric dialysis provider
Aug 15, 2017
NxStage Medical Inc. announced its Kidney Care subsidiary is partnering with Dialyze Direct, a geriatric dialysis provider for SNF patients, in order to better support the needs of Ohio’s skilled...
Drug maker to pay $38 million to settle kickback claims involving Alzheimer’s drug
By
Dec 19, 2016
A New York-based pharmaceutical company will pay $38 million to settle allegations that it paid kickbacks to doctors to prescribe medications, including the Alzheimer’s drug Namenda, the Department...
Assisted living executives see federalization as a major challenge
Apr 08, 2011
Assisted living operators need to be more proactive if federal rules for the industry are to be avoided. Greater involvement at the state level, combined with education efforts, is the key to making this...
Hospice provider wins injunction against HHS efforts to enforce ‘capricious’ reimbursement...
Aug 24, 2010
An Arkansas hospice provider has been granted a temporary reprieve from efforts by the Department of Health and Human Services to recoup reimbursement the federal agency says exceeds the annual Medicare...
New guidelines help identify problem drivers with dementia
Apr 14, 2010
A group of neurologists has released a set of guidelines to help physicians and family members determine when people with dementia should give up their car keys and stop driving.