Beverly Enterprises Inc. continues to shrink. The mammoth nursing home chain, which once boasted more than 800 facilities, is in the process of selling 10 of its Arkansas nursing facilities to Perennial...
Government launches technology Web site for nursing home providers
By
Haymarket Media
Jun 18, 2004
The Department of Health and Human Services launched a Web site, www.TechForLTC.org, for nursing homes and assisted living providers so they can stay apprised of technologies for facilities – and improve...
Ernst & Young resigns as National HealthCare’s independent auditor
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Haymarket Media
Jun 17, 2004
When National HealthCare Corp. files its second quarter earnings ending June 30, 2004 with the Securities and Exchange Commission, Ernst & Young will simultaneously resign as its independent auditor. A...
NeighborCare buys Connecticut-based pharmacy
By
Haymarket Media
Jun 09, 2004
NeighborCare Inc. bought a Connecticut-based Medicine Centre LLC, a long-term care pharmacy serving nursing homes and assisted living facilities Monday. Financial terms of the transaction were not disclosed.
Adventist sells Extendicare four skilled nursing facilities
By
Haymarket Media
Jun 03, 2004
Extendicare Health Services announced Tuesday that it has agreed to buy four skilled nursing facilities in Indiana from Adventist Health System. The purchase price for the 321-bed transaction was $5 million...
Chemical warehouse fire forces nursing home to evacuate
By
Haymarket Media
May 27, 2004
Nearly 100 nursing home residents had to be evacuated to public school cafeterias when a chemical warehouse broke out in a fire Wednesday in an Atlanta suburb.
NeighborCare’s board unanimously rejected another hostile $1.5 billion takeover bid from rival Omnicare, Inc, citing the deal as “blatantly opportunistic” and not in the best interest...
Omnicare makes unsolicited offer to buy NeighborCare
By
Haymarket Media
May 25, 2004
Omnicare Inc., the nation’s largest provider of prescription drugs and medical supplies to nursing homes, made an unsolicited offer to buy Baltimore-based NeighborCare Inc. for $1.35 billion Monday....
Ventas declares a quarterly dividend
By
Haymarket Media
May 25, 2004
Ventas, Inc’s board of directors declared a regular quarterly dividend of $0.325 per share Monday. The dividend will be payable in cash on June 24 to stockholders of record as of June 7.
Budget conferees nix potential Medicaid cuts
By
Haymarket Media
May 20, 2004
The House and Senate budget conferees finalized the fiscal year 2005 budget, opting not to try to cut Medicaid funding. Much to the relief of providers, lawmakers threw out a provision in the budget that...