Private equity firm to buy Genesis for $1.7 billion
By
Haymarket Media
Jan 17, 2007
Two private equity firms said Tuesday they will buy Genesis HealthCare Corp., one of the largest nursing home chains in the country, for approximately $1.7 billion, or $63 per share.
Ventas buys Sunrise Senior Living REIT for $1.8 billion
By
Haymarket Media
Jan 17, 2007
Ventas Inc. said Monday it reached an agreement to acquire Sunrise Senior Living REIT in a deal valued at $1.8 billion.
Interiors Feature: Dignified design
By
Liza Berger
Jan 09, 2007
Long-term care furnishings are interiors are better suited
for residents’ aging bodies, senses and desire for privacy.
How to do it… Resident security
By
Haymarket Media
Jan 09, 2007
Long-term care providers need to know at least a little bit about a lot of things. When the human element is involved, that’s when things start to get especially tricky. If those humans are wander-...
NIC: Fewer private pay residents live in freestanding homes
By
Haymarket Media
Jan 04, 2007
The number of private pay residents in freestanding nursing homes fell significantly from 2004 to 2006, according to the National Investment Center For the Seniors Housing & Care Industry.
Polls offer differing public views of drug benefit
By
Haymarket Media
Dec 22, 2006
The voting public seems to be at odds with seniors’ views of prescription drug benefit reform, studies indicate. While two studies show the general public’s dissatisfaction with an anticipated...
Missouri sues operator of group home where fatal fire struck
By
Haymarket Media
Dec 20, 2006
The state of Missouri filed a civil lawsuit against the operator of the group home where 10 people died in a fire last month.
Sunrise appoints committee to look into possible wrongdoing
By
Haymarket Media
Dec 13, 2006
The Sunrise Assisted Living Inc. board has appointed a special independent committee to review recent insider sales of Sunrise stock, as well as the company’s historical practices related to stock...
Investigation continues into ‘suspicious’ fire that killed 10 at group home
By
Haymarket Media
Nov 29, 2006
Authorities continued to sift clues Tuesday after a fire broke out Monday at a group home in Missouri Ozarks, killing nine residents and one staff member. Eighteen other people were hospitalized, some...
Owner pleads guilty to $4.2 million bilking scheme
By
Haymarket Media
Nov 21, 2006
The former owner of more than 50 nursing homes in Texas and several other states pleaded guilty to Medicaid and Medicare fraud to the tune of approximately $4.2 million, according to an announcement from...