Welch Allyn acquisition aids Hill-Rom’s product footprint
By
Elizabeth Newman
Aug 05, 2015
Reflecting the trend of consolidation among long-term care medical device vendors, Hill-Rom Holdings Inc. announced it is buying New York-based Welch Allyn for $2.05 billion.
Genesis, Skilled Healthcare merger to create huge long-term care provider with more than 500 facilities
By
Tim Mullaney
Aug 20, 2014
Genesis HealthCare and Skilled Healthcare Group Inc. will merge to create a single long-term and post-acute care company with more than 500 facilities nationwide, the providers announced Tuesday.
Kindred earnings rise 30% in fourth quarter
Feb 23, 2009
Despite the general economic gloom at the end of 2008, Kindred Healthcare Inc. ended the year strong. Net income rose by 30% in the fourth quarter compared with the same quarter a year earlier.
Sunrise NYSE delisting may be imminent
Mar 19, 2008
Sunrise Senior Living Inc., the largest assisted living chain in the United States, faces a delisting from the New York Stock Exchange after missing a deadline to file an earnings report.
BEI auction moves to second round of bidding
By
Haymarket Media
May 19, 2005
Beverly Enterprises Inc., the largest nursing home chain in the country, is moving on to a second round of bidding after putting itself up for auction, according to chairman and CEO William R. Floyd.
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...