BEI and Formation Capital call it quits in proxy fight
By
Haymarket Media
Apr 13, 2005
The Formation Capital investors group has agreed to end its proxy contest with nursing home giant BEI, the embattled chain said Tuesday.
Also in the News for Monday, April 26
Apr 26, 2021
COVID cases at all-time low in long-term care … CVS, Walgreens wrap up LTC facility vaccine clinics … Proposed NC legislation would fine nursing homes for restricting visitors … Florida providers...
Cyber risk company showcases platform
Jun 13, 2017
RiskSense will demonstrate its platform its continuous cyber risk scoring capabilities at the 13th AMC Security & Privacy Conference this week in Chapel Hill, NC.
Owner of two nursing agencies charged with $5 million Medicare fraud
By
John Hall
Mar 12, 2015
The owner of two Illinois nursing agencies was arrested Tuesday on charges he allegedly defrauded Medicare out of more than $5 million for unnecessary home care services over a 44-month period. The arrest...
HealthEssentials CEO agrees to $1 million settlement in False Claims suit
By
Tim Mullaney
Jan 14, 2014
Michael Barr, who co-founded the company now known as Kindred Healthcare, has agreed to pay $1 million in a settlement over Medicare fraud charges, the U.S. Department of Justice announced Monday.
Hospice to pay $3 million to settle Medicare fraud whistleblower case
By
Tim Mullaney
Nov 07, 2013
A Florida-based hospice provider has agreed to pay $3 million to settle a whistleblower lawsuit alleging false Medicare claims, the U.S. Department of Justice announced Wednesday.
New finance deals for senior facilities
Aug 28, 2013
Berkadia Commercial Mortgage LLC has originated $172.1 million in financing for four Brookdale Senior Living communities.
Catheter market moving toward single-use catheters and self-catheterization: report
By
Ashley Carman
Jul 08, 2013
Urinary catheters across the medical spectrum are being changed more frequently and are increasingly antimicrobial-coated in order to cut down on cost and infections, a new market study shows.
Facilities need better reviews of antibiotic use, expert says
By
Elizabeth Newman
Jun 01, 2013
Skilled nursing facility administrators need to do a complete review of antibiotics to better combat multi-drug resistant organisms, an infection control expert said in May.
Medicaid ‘broken,’ needs focus on fraud, Price tells lawmakers
By
Mar 31, 2017
Department of Health and Human Services Secretary Tom Price, M.D., criticized the Medicaid program as “broken” and needing a stronger focus on fighting fraud and waste during a House subcomittee...