Court rules against tax exemption for nonprofit entity
By
Haymarket Media
Oct 26, 2006
An Illinois Appellate Court judge has ruled that a nonprofit clinic does not qualify for a property tax exemption under state law. Such a ruling could pave the way for future exemption challenges for all...
Sun acquires Harborside in $350 million deal
By
Haymarket Media
Oct 24, 2006
Sun Healthcare Group Inc. will acquire Harborside Healthcare Corp. from Investcorp International, an investment firm, for approximately $350 million in cash.
Researchers identify protein that could cut spread of shingles
By
Haymarket Media
Oct 23, 2006
A single human protein appears to help spread of varicella-zoster virus, the cause of both shingles and chickenpox, according to researchers at the National Institutes of Health.
NIC: Seniors housing and care industries continue to roar
By
Haymarket Media
Oct 18, 2006
Key industry metrics remained strong in the second quarter, with some measurements hitting record highs, according to the National Investment Center for the Seniors Housing & Care Industry.
Extendicare gets green light from shareholders to reorganize
By
Haymarket Media
Oct 18, 2006
Shareholders of Extendicare Inc. have approved its plan to spin off its Assisted Living Concepts Inc. unit and convert the remainder of the company into a real estate investment trust.
Finance Feature — Old quandary
By
James M. Berklan
Oct 16, 2006
More and more, aging facilities are begging the question:
Is it time to remodel, refurbish or just start over?
Ventas opts to raise Kindred rents by $33.1 million
By
Haymarket Media
Oct 13, 2006
Marking the end of a reset dispute, Ventas Inc. has chosen to raise the rent of nursing home chain Kindred Healthcare Inc. under four master leases by $33.1 million per year.
Omnicare agrees to $52.5 million settlement in fraud case
By
Haymarket Media
Oct 10, 2006
A Michigan subsidiary of Covington, KY-based Omnicare Inc. has agreed to a $52.5 million settlement in a Medicaid fraud civil lawsuit. It is the largest Medicaid fraud recovery in the state’s history...
Bus company owner found guilty on maintenance charge
By
Haymarket Media
Oct 10, 2006
The owner of the bus company whose bus caught fire and killed 23 nursing home residents in the aftermath of Hurricane Rita, was found guilty of maintenance and inspection charges.
Skilled occupancy rises slightly, while construction soars
By
Haymarket Media
Sep 29, 2006
Average occupancy in the skilled nursing sector dipped slightly (0.2%) in the second quarter, but the rates still remained 1.8% higher than a year earlier.