A New Jersey doctor filed a lawsuit against BEI of Fort Smith, AR, claiming the company defrauded the government of more than $20 million a year since July 1998 from Medicare, Medicaid and other federal...
LTC Finance: Capital improvem ents: More money is becoming available, especially for solid performers
By
John O'Connor
Feb 09, 2005
For operators who need capital, this is already a very good year. Whether the goal is refurbishing, expanding services or even purchasing new facilities, old and new funding sources are readily available...
“No magic pill” for treating symptoms of Alzheimer’s, study finds
By
Haymarket Media
Feb 08, 2005
New research concludes that many medications used to treat symptoms of dementia, including agitation and delusions, are not effective.
Beverly suitor fumes over rejected offer, nominates own board of directors
By
Haymarket Media
Feb 07, 2005
The intensity of the attempted hostile takeover of nursing home giant Beverly Enterprises Inc. (BEI) has soared to new levels, with its rejected suitor submitting its own slate for election to the Beverly...
Beverly says “no” to $1.2 billion takeover offer from investor group
By
Haymarket Media
Feb 04, 2005
Executives at Beverly Enterprises Inc. (BEI) rejected a purchase offer from an investment group Thursday, saying the proposal was “not in the best interest” of the company or its shareholders.
Beverly adopts “poison pill” strategy, will respond to takeover bid by Friday
By
Haymarket Media
Feb 03, 2005
Beverly Enterprises Inc. (BEI) has adopted a “poison pill” strategy following a breakdown in negotiations with Formation Capital LLC, an investor group interested in purchasing the mammoth...
Beverly CEO blasts takeover group
By
Haymarket Media
Feb 01, 2005
An investment group that recently launched a takeover bid of Beverly Enterprises Inc., shrouded its intentions, according to Beverly’s president and CEO. In a blistering letter to Formation Capital,...
Loan volume doubles for seniors housing in third quarter
By
Haymarket Media
Jan 27, 2005
Loan volume in seniors housing and care in the third quarter of 2004 more than doubled — to $783 million, compared with $336 million in the second quarter — according to the National Investment...
SPECIAL UPDATE — Beverly acknowledges $1.5 billion purchase offer
By
Haymarket Media
Jan 26, 2005
Beverly Enterprises Inc. announced Tuesday it is “reviewing” a purchase bid from an investor group that already owns 8.1% of the firm.
Nationally known physician in quality movement up for top state health post
By
Haymarket Media
Jan 14, 2005
One of the foremost physician authorities in the federal government’s Nursing Home Quality Initiative has been nominated to become the director of Rhode Island’s Health Department. Hearings...