Assisted living, independent living occupancy rises slightly, new report says
Sep 28, 2010
Occupancy in the assisted living and independent living sectors has leveled off in the past year after steadily declining since the early part of 2007, according to a soon-to-be-released report from the...
A brighter outlook for seniors housing sector
By
Liza Berger
Sep 24, 2010
The long-term care market is still struggling, but you wouldn’t know it if you attended the National Investment Center for the Seniors Housing & Care Industry conference this week in Chicago.
Long-term care operators cautiously optimistic about future, capital still scarce, Kramer of NIC says
Sep 24, 2010
The economic downturn has tested long-term care operators and they feel stronger as a result of it, Robert Kramer, president of the National Investment Center for the Seniors Housing & Care Industry, suggested...
Omnicare to pay $21 million in settlement for allegedly overcharging Medicaid
Sep 23, 2010
Nursing home pharmacy provider Omnicare Inc. on Tuesday said that it will pay $21 million to Michigan and Massachusetts to settle a whistleblower lawsuit.
Recession slows cost growth at some long-term care facilities
Sep 21, 2010
There were smaller cost increases at some long-term care facilities from 2008-2010 as a result of the economic recession, according to a new analysis from Prudential Financial Inc., a financial services...
NIC celebrates 20 years with sold-out deal-making conference
Sep 17, 2010
The National Investment Center for the Seniors Housing and Care Industry will open its 20th anniversary conference Wednesday night in Chicago. Considered the premier gathering of deal-making investors...
MedAssets to buy Broadlane for $850 million
Sep 14, 2010
Supply chain and software firm MedAssets Inc. announced it will acquire The Broadlane Group for $850 million in cash. MedAssets serves 40,000 non-acute care providers.
Pill Timer helps residents take meds when needed
Sep 14, 2010
Rexam and Med Time Technology, Inc. jointly unveiled “The Pill Timer.” The product lets providers and others program audio and visual alerts to help people properly take their prescription...
Kansas governor to take reins of AHCA in January
Sep 14, 2010
The American Health Care Association has selected Kansas Gov. Mark Parkinson (D) to be its next president and CEO, the association said Monday.
Skilled Healthcare settles understaffing lawsuit for $50 million
Sep 09, 2010
Nursing home giant Skilled Healthcare Group Inc. has agreed to settle a class-action suit alleging understaffing at 22 of its California facilities for $50 million. Terms still must be approved by a judge.