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...
CompanyBriefs
Oct 01, 2013
» Premier Inc., a healthcare group purchasing alliance with 56,000 non-acute healthcare facilities, filed for an initial public offering of its stock. Headquartered in North Carolina, the company applied...
Fugitive accused of $10.7M in nursing home fraud caught by feds
By
Marty Stempniak
Sep 24, 2018
One of the country’s most-wanted healthcare fraud fugitives, who allegedly fleeced nursing homes and the federal government for more than $10 million, was caught last week.
Genesis to save in ‘win-win’ $1.7 billion sale of 92 facilities
By
Nov 04, 2016
Genesis HealthCare is expected to save millions in rent payments after its largest landlord completes a $1.7 billion sale of 92 properties to new owners, the company announced Wednesday.
PharMerica seeks Supreme Court review in False Claims case
By
Apr 27, 2016
Long-term care pharmacy services provider PharMerica is asking the U.S. Supreme Court to review its previous ruling on the “first-to-file” provision of the False Claims Act, claiming it paves...
Florida jury hands down $1.1 billion award in nursing home lawsuit
By
Tim Mullaney
Jul 24, 2013
A jury has awarded $1.1 billion in damages to the family of a Florida woman who received poor nursing home care prior to her death in 2007. The amount is believed to be one of the highest ever leveled...
Federal judge to troubled operator: Exhaust other options before you make a federal case
By
James M. Berklan
Jun 11, 2013
A facility with a history of safety deficiencies must exhaust its administrative options before seeking relief in the courtroom, a district court judge ruled. Moreover, the requested temporary injunction...
Beverly sale is ‘on’ – but with lower price and new buyer
By
Haymarket Media
Nov 21, 2005
The Beverly sale is still a “go,” but the sale price has dropped 50 cents per share and the buyer has changed. And the door is wide open again to other bidders.
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...