Long-term care was the strongest healthcare sector for mergers and acquisitions last year, analysis shows
By
Tim Mullaney
May 09, 2014
Long-term care was the only healthcare sector to experience an increase in mergers and acquisitions last year, according to a new analysis from business intelligence firm Irving Levin Associates Inc.
AVIV acquires LTC properties in Texas and Minnesota
Jan 07, 2014
Aviv REIT Inc. has bought a skilled nursing facility, assisted living facility, independent living facility in Minnesota and a skilled nursing facility in Texas in two transactions for $43.4 million.
Inspired by Care Award program announced
Oct 17, 2017
Omnicell Inc. has launched a new annual award program focused on those excelling in areas such as increasing patient satisfaction, achieving significant cost reductions, or solving patient care problems.
Kindred spends $700M with Ventas to ready for SNF exit
By
Jan 06, 2017
Kindred Healthcare Inc. has entered into an agreement to purchase 36 skilled nursing facilities from Ventas ahead of its exit from the skilled nursing sector, the provider announced in November.
Operator ordered to pay $3 million in back wages over overtime violations
By
Danielle Brown
May 25, 2022
An Illinois nursing home chain has been ordered to pay close to $3 million in back wages to thousands of workers after a federal investigation found the company failed to pay correct overtime to workers,...
DOJ charges former owner of bankrupt Skyline chain with 22 tax fraud, evasion counts worth $29 million
By
James M. Berklan
Jan 21, 2022
Former nursing home chain owner Joseph Schwartz was taken into custody Thursday afternoon to face more than 20 federal labor and income tax-related fraud charges, according to authorities.
Medical records service pays $100K for HIPAA breach affecting 3.5 million people
By
Kimberly Marselas
May 24, 2019
A healthcare company that had not conducted a comprehensive risk analysis prior to a HIPAA breach will pay $100,000, the federal government said Thursday.
New CMS chief stirs provider anticipation
By
Apr 05, 2017
Long-term care provider groups were complimentary of Seema Verma following her mid-March confirmation as administrator of the Centers for Medicare & Medicaid Services.
Oxford Finance LLC provides $14.5M in financing to JAG Healthcare
Oct 01, 2013
Oxford Finance LLC has closed a $13 million senior secured term loan and $1.5 million revolving lined of credit to Ohio-based JAG Healthcare. The money will be used to acquire six skilled nursing facilities...
New MedPAC recommendations ‘right on target,’ Minnix says
Jun 17, 2008
MedPAC’s recent recommendations to revise the payment system for skilled nursing facilities drew praise Monday from the head of the largest nonprofit association for long-term care providers.