New developments buffeting wound company acquisition
By
John O'Connor
Nov 01, 2011
Apax Partners’ planned $6.3 billion leveraged buyout of wound firm Kinetic Concepts Inc. hit another bump at press time. The latest challenge: a debt crisis in Europe is causing havoc with credit...
Healthpeak Properties cleared in lawsuit charging it ignored fraud, misled investors
By
Danielle Brown
Nov 26, 2019
A federal judge has dismissed a class-action lawsuit that claimed Healthpeak Properties (formerly HCP Inc.) ignored billing fraud and misled investors about the nursing home chain ManorCare.
Sunrise granted more time to pay off bank loans
Oct 23, 2009
Sunrise Senior Living Inc. has received a one-year extension on an expiring credit line. That gives the company until December of 2010 to pay off $62.9 million in bank loans.
ArchCare to pay $3.5M to settle rehab billing complaint
By
John Hall
Mar 03, 2015
A New York nursing home chain agreed Monday to pay $3.5 million to settle government allegations it failed to prevent a rehab subcontractor from overbilling Medicare for therapy.
LeadingAge and NewCourtland announce Innovations fund grant recipients
Nov 05, 2013
LeadingAge and NewCourtland have selected recipients for a second round of grants through the Innovations Fund, which promotes nonprofit providers with ideas that benefit residents or the community. Seven...
Team spirit is for the birds
By
Foster Stubbs
Feb 15, 2023
The Philadelphia Eagles may not have won the Super Bowl but it certainly wasn’t due to a lack of support from their fans at Phoebe Allentown Healthcare Center. Before the big game on Sunday, Allentown...
State News
Dec 01, 2013
NORTH CAROLINA — A citizen advocacy group called the N.C. Senior Tar Heel Legislature wants state lawmakers to address the number of certified nursing assistants in long-term care facilities.
Nurse union wins over wellness program
By
Elizabeth Newman
Jul 09, 2019
Corporate wellness programs are meant to let everyone win: The worker receives incentives for becoming healthier, while the employer lessens its health insurance costs.
On-demand videos now available in EHR
Nov 29, 2016
StayWell has announced that its Krames On-Demand Videos are available in Epic electronic health records.
Kentucky jury awards $20 million in nursing home neglect lawsuit
By
Haymarket Media
May 08, 2006
A jury in a Kentucky circuit court awarded $20 million to the estate of a man who died at the Beverly Health and Rehabilitation of Frankfort.