Extendicare completes deal for Texas chain, reports earning increase
By
Haymarket Media
Nov 08, 2004
Extendicare Inc. announced it would buy Assisted Living Concepts Inc. of Dallas in a $280 million deal, while also declaring it had realized an increase in third-quarter profits.
NHC chief exec steps down, third-quarter earnings up
By
Haymarket Media
Nov 08, 2004
National HealthCare Corp. last week reported a switch in executive leadership, while also announcing an increase in third-quarter earnings.
Omnicare’s third quarter net income increases
By
Haymarket Media
Nov 03, 2004
Omnicare Inc. posted third-quarter net income earnings of $55.9 million, up from $48.8 million a year earlier. The company said the increase was due to acquisitions and increased prescription usage.
First artificial disc for low-back pain treatment approved
By
Haymarket Media
Oct 29, 2004
The Food and Drug Administration has approved the first artificial disc for lower back pain.
Kindred Healthcare to start NYSE career Wednesday
By
Haymarket Media
Oct 25, 2004
Kindred Healthcare Inc. will start trading common stock on the New York Stock Exchange beginning Oct. 27, according to an announcement late last week by the Louisville-based company. Kindred operates nursing...
‘Hero workers’ may sabotage efforts during flu vaccine shortage
By
Haymarket Media
Oct 19, 2004
Employees who come into work sick to avoid unscheduled absenteeism may cause facilities more harm than good, administrators warn.
Former CMS chief: Providers could face “very tough” year ahead
By
Haymarket Media
Oct 08, 2004
The immediate past chief of the nation’s Medicare and Medicaid programs said Thursday that long-term care providers should enjoy things now because next year could be rougher when it comes to funding.
Omnicare extends run at NeighborCare
By
Haymarket Media
Oct 04, 2004
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.