Advocat Inc. reported earnings of $4.6 million in the first quarter 2004, compared with a loss of $3.1 million in the year ago quarter. Advocat attributed their earnings to higher patient revenues from...
Luring private pay prospects
May 15, 2004
Although Brian Nealon has a 98% occupancy rate for his 356 skilled nursing beds at Wesley Community in Saratoga Springs, NY, the chief executive is concertedly trying to increase his private pay census,...
Study: Diabetes may be linked to increased risk of Alzheimer’s disease
By
Haymarket Media
May 14, 2004
Researchers have noted another possible link between diabetes and cognitive decline in older adults. They found a 65% greater likelihood of study subjects with diabetes developing Alzheimer’s, according...
Nursing home owner trying to keep people out – for now
By
Haymarket Media
May 14, 2004
Rick Miller has an interesting take on long-term care: He owns numerous nursing homes but is working to keep people out of them – at least until they’re older.
Extendicare reports high first-quarter earnings
By
Haymarket Media
May 11, 2004
Nursing-home operator Extendicare Inc. nearly doubled its first-quarter profits to $28.3 million (Canadian), compared with $17.8 million (Canadian) a year ago, mostly due to a strong performance by its...
Researchers: PPS led to lower staffing, more deficiencies
By
Haymarket Media
May 10, 2004
The Medicare prospective payment system and associated rate cuts for skilled nursing facilities have negatively affected staffing and regulatory compliance, according to researchers. Professional staffing...
Researchers: Trial drug works well for elderly insomniacs
By
Haymarket Media
May 10, 2004
A trial drug, a derivative of an older medicine, has been found to work well on older people who have difficulty sleeping, according to researchers. In addition to creating more sleep at night, the pill...
National HealthCare reports rise in first-quarter earnings
By
Haymarket Media
May 07, 2004
National HealthCare Corp. earnings rose 15% in the first quarter to $3.9 million, compared with $3.4 million in the year ago quarter. The Murfreesboro, TN-based nursing home company reported quarterly...
Report: Permanent debt delinquencies up for senior housing
By
Haymarket Media
Apr 27, 2004
The senior housing industry saw permanent debt delinquencies increase and loan volume drop in the fourth quarter 2003, according to a report released by the National Investment Center for the Seniors Housing...
FDA approves Parkinson’s drug that treats immobility
By
Haymarket Media
Apr 26, 2004
The Food and Drug Administration has approved a preventative drug, Apokyn, to treat Parkinson’s patients with immobility episodes.