Extendicare to sell US businesses for $870 million
By
Tim Mullaney
Nov 10, 2014
Extendicare will sell nearly all of its U.S. operations to an investor group in an $870 million deal, the Canada-based long-term care company announced Friday.
Skilled nursing dealmaking continues to be strong, average price per unit hits $78,000
By
Tim Mullaney
Nov 07, 2014
The trend of strong merger and acquisition activity in the senior housing market has not abated, with the average price per skilled nursing unit up 7% from a year ago. This is according to the latest quarterly...
CA facilities slapped with $3 million in labor violations fines, workers slept on sofa in garage
By
Tim Mullaney
Nov 03, 2014
Four assisted living facilities in the San Francisco Bay area are facing a total of $3 million in fines for how they allegedly treated and paid workers, California authorities announced Thursday.
Protein wafers help nursing home residents gain weight, fight pressure ulcers and diarrhea
By
Tim Mullaney
Oct 29, 2014
Easy-to-chew protein wafers can help nursing home residents gain weight and reduce the incidence of pressure ulcers and diarrhea, according to findings recently published in Age and Ageing.
A small team of workers responds best in emergencies, expert says
By
Tim Mullaney
Oct 23, 2014
Long-term care providers should consider a “flat” crisis management approach that relies on a core group of staff members, experts advised Wednesday at the LeadingAge annual conference.
Nonprofit providers face alarming market forces, must rally, LeadingAge chairman says
By
Tim Mullaney
Oct 22, 2014
Nonprofit long-term care providers must work together to address alarming trends, or their market share could plummet and the sector as a whole could falter, LeadingAge Chairman David Gehm told association...
Extendicare agrees to historic $38 million settlement related to unnecessary therapy, worthless services...
By
Tim Mullaney
Oct 14, 2014
Extendicare Health Services Inc. and its subsidiary therapy company have agreed to pay $38 million to settle therapy overbilling and quality of care whistleblower charges, federal and state authorities...
NIC: Senior housing sets record for absorption, nursing home occupancy flat
By
Tim Mullaney
Oct 14, 2014
The average occupancy rate for senior housing sailed past 90% in the third quarter, and the absorption rate set a single-quarter record, the National Investment Center for Seniors Housing & Care announced...
Employee cleared of sexual assault charges wins $1 million defamation suit against assisted living company
By
Tim Mullaney
Oct 02, 2014
A former assisted living worker in South Carolina has received a $1 million award after being falsely accused of trying to sexually assault a resident, according to local news sources.
No ACOs have reliable interoperability with external organizations, survey finds
By
Tim Mullaney
Sep 25, 2014
A widespread lack of interoperable technology threatens the Accountable Care Organization model, according to recently released survey results.