Gemino provides $8 million in credit to Unlimited Care
Jan 13, 2015
Gemino Healthcare Finance has provided an $8 million secured revolving line of credit to Unlimited Care Inc. for working capital.
Genesis Healthcare improperly uses background checks, federal lawsuit charges
By
Tim Mullaney
Jan 13, 2015
One of the largest nursing home chains in the nation uses background checks on potential employees in a way that violates the Fair Credit Reporting Act, according to a federal lawsuit filed last week.
NIC: Nursing home and assisted living occupancy remained static in 4th quarter
By
Tim Mullaney
Jan 12, 2015
The occupancy rate for nursing facilities and assisted living facilities held steady in the fourth quarter of 2014, while the rate for independent living continued its surge, according to data released...
Omnicare and McKesson to extend drug distribution deal
By
Elizabeth Newman
Jan 01, 2015
Omnicare Inc. and McKesson Corporation have decided to extend their agreement through 2019, which will include the sourcing and distribution of branded, specialty and generic pharmaceuticals.
Court nixes arbitration deal that granddaughter signed
By
James M. Berklan
Jan 01, 2015
A granddaughter’s signature on an arbitration agreement did not prevent her mother from being able to file a wrongful death lawsuit against a provider, the Oklahoma Supreme Court has ruled. Her grandmother...
CompanyBriefs for January 2015
Jan 01, 2015
» LifeShare Technologies released LifeShare Family, a mobile app connecting seniors with their families and caregivers. LifeShare Family allows seniors and families to share mobile pictures and send messages,...
Investing in your people
By
Julie Williamson
Jan 01, 2015
Lenders are increasing examining staff ratios, quality metrics and stability in long-term care facilities in order to determine capital availability for operators
Gentell’s Fastcare now includes QAPI reporting
Jan 06, 2015
Gentell Inc. has announced its Fastcare wound documentation and ordering now includes Quality Assurance Performance Improvement reporting capabilities.
Presence Life Connections sells two SNFs
Jan 06, 2015
Senior Living Investment Brokerage has represented Presence Life Connections in the sale of two Illinois communities, the firm announced last month. The SNFs were sold for $26.5 million to Health and Home...
DOJ joins Omnicare lawsuit over alleged Abbott Depakote kickbacks
By
Elizabeth Newman
Dec 31, 2014
The Justice Department has filed a False Claims Act complaint against Omnicare Inc., alleging the pharmaceutical giant received millions in kickbacks from Abbott Laboratories over a 10-year period.