Pushing to the top: William “Bill” Floyd, president and CEO, BEI
By
Liza Berger
Mar 04, 2005
Scaling Mount Kilimanjaro might seem like good preparation for running the nation’s largest nursing home chain.
And for Bill Floyd, taking on the three-and-a-half-mile uphill climb was within character....
Higher sales spur rebound for Kindred Healthcare
By
Haymarket Media
Mar 02, 2005
An 11% sales increase helped drive up fourth-quarter profits for nursing home operator Kindred Healthcare Inc. That compares to a loss for the same period a year ago.
Extendicare Inc., one of the largest skilled nursing chains in North America, more than tripled its profits in the fourth quarter, despite lower sales. The company benefited from a $66.8 million cash dividend...
Lawsuit claims Beverly defrauded federal programs
By
Haymarket Media
Feb 18, 2005
A New Jersey doctor filed a lawsuit against BEI of Fort Smith, AR, claiming the company defrauded the government of more than $20 million a year since July 1998 from Medicare, Medicaid and other federal...
LTC Finance: Capital improvem ents: More money is becoming available, especially for solid performers
By
John O'Connor
Feb 09, 2005
For operators who need capital, this is already a very good year. Whether the goal is refurbishing, expanding services or even purchasing new facilities, old and new funding sources are readily available...
“No magic pill” for treating symptoms of Alzheimer’s, study finds
By
Haymarket Media
Feb 08, 2005
New research concludes that many medications used to treat symptoms of dementia, including agitation and delusions, are not effective.
Beverly suitor fumes over rejected offer, nominates own board of directors
By
Haymarket Media
Feb 07, 2005
The intensity of the attempted hostile takeover of nursing home giant Beverly Enterprises Inc. (BEI) has soared to new levels, with its rejected suitor submitting its own slate for election to the Beverly...
Beverly says “no” to $1.2 billion takeover offer from investor group
By
Haymarket Media
Feb 04, 2005
Executives at Beverly Enterprises Inc. (BEI) rejected a purchase offer from an investment group Thursday, saying the proposal was “not in the best interest” of the company or its shareholders.
Beverly adopts “poison pill” strategy, will respond to takeover bid by Friday
By
Haymarket Media
Feb 03, 2005
Beverly Enterprises Inc. (BEI) has adopted a “poison pill” strategy following a breakdown in negotiations with Formation Capital LLC, an investor group interested in purchasing the mammoth...
Beverly CEO blasts takeover group
By
Haymarket Media
Feb 01, 2005
An investment group that recently launched a takeover bid of Beverly Enterprises Inc., shrouded its intentions, according to Beverly’s president and CEO. In a blistering letter to Formation Capital,...