Beverly profits drop 37% in first quarter as sales jump 17%
By
Haymarket Media
May 05, 2005
Beverly Enterprises Inc., the nation’s largest nursing home chain, which recently put itself up for auction, said Wednesday its first-quarter profits fell 37%, due in part to expenses related to...
Sunrise first quarter earnings tumble
By
Haymarket Media
May 04, 2005
Sunrise Senior Living Inc., a major provider of senior living services, announced Tuesday its first-quarter diluted earnings per share fell to $0.37, compared to $0.60 last year for the same quarter. The...
Sunrise to acquire CCRC developer for initial $46 million
By
Haymarket Media
May 03, 2005
Sunrise Senior Living, a major international provider of senior living services, signed an agreement to acquire Greystone Communities Inc., a developer of continuing care retirement communities, for an...
Manor Care 1Q profits decrease 24% on higher revenues
By
Haymarket Media
Apr 27, 2005
Manor Care Inc., one of the three biggest U.S. nursing home chains, said its profits fell 24% in the first quarter as its revenues expanded by 10%. Results of operations included an “unusually high”...
BEI management contemplates joining others to run chain
By
Haymarket Media
Apr 22, 2005
The management of BEI may consider combining forces with another company to control the nursing home chain, the CEO of the Fort Smith-based company said Thursday.
Long-term care REIT boasts $15.5 million in quarterly investments
By
Haymarket Media
Apr 19, 2005
LTC Properties, Inc., a self-administered real estate investment trust that primarily invests in long-term care and other healthcare-related facilities, said this week it made investments totaling about...
How to do it… Build census
Apr 18, 2005
Building census is surely one of the most important responsibilities of every administrator. The battle for profitability begins and ends with occupancy. It drives the revenue. Serious and chronic census...
Ventas trust to acquire Provident for $1.2 billion
By
Haymarket Media
Apr 13, 2005
Ventas Inc., one of the nation’s top healthcare real estate investment trusts, has agreed to acquire Provident Senior Living Trust, an unlisted senior living real estate investment trust, for $1.2...
BEI and Formation Capital call it quits in proxy fight
By
Haymarket Media
Apr 13, 2005
The Formation Capital investors group has agreed to end its proxy contest with nursing home giant BEI, the embattled chain said Tuesday.
Dementia drugs linked to death, FDA says
By
Haymarket Media
Apr 13, 2005
Antipsychotic medications for dementia could cause premature deaths, federal drug regulators said this week.