Omnicare Inc., the nation’s largest provider of pharmacy services to nursing homes, announced Friday it has extended its purchase offer of $1.3 billion to buy Baltimore-based NeighborCare Inc. The...
Medicare plans to widen coverage of implanted heart devices
By
Haymarket Media
Sep 30, 2004
The Centers for Medicare & Medicaid Services plan to widen coverage of implantable cardioverter defibrillators (ICDs) by one-third to prevent risk of heart failure, a predominant health issue for long-term...
Report: Average nursing home cost rises to $70,080 annually
By
Haymarket Media
Sep 28, 2004
The average price of a private room in a U.S. nursing home costs $70,080 per year, or $192 per day, according to the 2004 MetLife Market Survey of Nursing Home and Home Care Costs.
Five Star Quality Care to acquire 100% of LTA Holdings Inc.
By
Haymarket Media
Sep 28, 2004
Five Star Quality Care, Inc. will acquire 100% of the capital stock of LTA Holdings Inc. for $208 million, the company said. FVE expects to close the transaction during the fourth quarter of 2004.
Seeking sprinkler support
Sep 21, 2004
In the wake of deadly tragedies and tougher policies, providers
and advocates are on a quest for fire-fighting funding.
Extendicare Inc.’s Health Services unit will record a third-quarter revenue boost of $4.5 million because of a retroactive Medicaid rate increase.
FDA panel to review drug that prevents vision loss in elderly patients
By
Haymarket Media
Aug 27, 2004
An advisory panel for the FDA today will review findings on Macugen, an experimental drug injected into the eye to prevent vision loss.
Seeing Best case scenarios
By
Haymarket Media
Aug 24, 2004
Thilo Best, chairman, National Investment Center for the Seniors Housing & Care Industries
Flooring getting firm footing
By
Julie Williamson
Aug 24, 2004
When Loveland Good Samaritan Retirement Village decided to replace its worn, outdated vinyl composite tile flooring in the dining room and corridors, the Loveland, CO-based provider knew that examining...
Advocat posts higher earnings in the second quarter
By
Haymarket Media
Aug 16, 2004
Advocat Inc. earned $2.5 million in the second quarter 2004, compared with a loss of $7.8 million in the year-ago quarter. Quarterly revenue increased 6% to $52 million, compared with $49 million in the...