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.
Dementia drugs linked to death, FDA says
By
Haymarket Media
Apr 13, 2005
Antipsychotic medications for dementia could cause premature deaths, federal drug regulators said this week.
Beverly gets interest from more than 12 possible buyers
By
Haymarket Media
Apr 08, 2005
More than a dozen interested parties have approached BEI since it opted to sell itself in an auction last month, the Fort Smith, AR-based nursing home chain disclosed this week.
Report: CCRCs keeping high occupancy, expanding services
By
Haymarket Media
Apr 05, 2005
Median occupancy rates for continuing care retirement communities (92.2%) beat those for skilled nursing (92.2%) and assisted living facilities (91.7%), according to a study of CCRCs released Monday in...
Court action begins this week in Connecticut fire suits
By
Haymarket Media
Apr 01, 2005
Court proceedings began this week for 15 lawsuits filed following a nursing home fire in Hartford, CT, that killed 16 residents, more than two years ago.
Average cost of skilled nursing beds rises by 40% in 2004
By
Haymarket Media
Mar 30, 2005
The average price per skilled nursing bed last year soared by more than 40%, to $44,600 per bed. That followed a 17% drop in the price per bed in 2003, according to an industry newsletter.
Beverly board entertaining offers for company after declaring open auction
By
Haymarket Media
Mar 23, 2005
Leaders of Beverly Enterprises Inc. said Tuesday they were putting the company up for auction, switching strategies in an effort to win a planned proxy battle at their April annual meeting.
BEI suitor files complaint to new nursing home bill
By
Haymarket Media
Mar 15, 2005
Formation Capital LLC, a bidder for BEI, the Fort Smith, AR-based nursing home chain, filed a complaint this week in response to a bill in the Arkansas legislature that would help protect nursing home...
BEI suitor protests bill that protects homes in event of takeover
By
Haymarket Media
Mar 14, 2005
Feuding continues between BEI of Fort Smith, AR, and Formation Capital LLC of Alpharetta, GA. This time the point of controversy is a bill in the Arkansas House to protect nursing home facilities if a...
Battle over Beverly leads to showdown
By
James M. Berklan
Mar 04, 2005
Spurned by the rejection of its $1.5 billion bid for Beverly Enterprises Inc., a powerful group of investors is attempting a hostile take over of the nursing home giant.
Formation Capital LLC Chief Executive...