Kinetic Concepts Inc. will make $280 million in payments over three years to Wake Forest University Health Services in a legal settlement.
Genesis expects to save $54 million after restructuring, but future unclear
By
Elizabeth Newman
Nov 12, 2017
Genesis HealthCare hopes to return to form after restructuring some of its leases, according to an investor conference call last week, but the company said in a government filing that bankruptcy is not...
Omnicare and McKesson to extend drug distribution deal
By
Elizabeth Newman
Jan 01, 2015
Omnicare Inc. and McKesson Corporation have decided to extend their agreement through 2019, which will include the sourcing and distribution of branded, specialty and generic pharmaceuticals.
New sponsor comes to G & E
By
Elizabeth Newman
Jan 03, 2012
The board of real estate investment trust Grubb & Ellis Healthcare Trust voted in November to replace Grubb & Ellis with American Healthcare Investors and Griffin Capital as co-sponsors. It will now be...
G & E files for bankruptcy
By
Elizabeth Newman
Apr 02, 2012
BGC Partners will buy the assets of Grubb & Ellis Co., which filed for bankruptcy in February.
‘Co-opetition’ can promote innovation, LTC leader says
By
Elizabeth Newman
Sep 01, 2013
Cooperative competition or “co-opetition” is largely dormant in the long-term care market, one industry leader said in July.
Horizon Bay to Brookdale
By
Elizabeth Newman
Jul 01, 2011
Brookdale Senior Living will acquire Horizon Bay Realty, adding 90 communities with over 16,000 units to its portfolio. The deal is expected to close in August.
Florida’s highest court rejects use of arbitration agreements
By
Elizabeth Newman
Jan 03, 2012
Nursing home arbitration agreements received another blow when the Florida Supreme Court ruled them invalid in two separate cases in November.
SNF agrees to pay $1.2M to settle rehab claims
By
Elizabeth Newman
Apr 01, 2015
A Maine skilled nursing facility has agreed to pay $1.2 million to the federal government to settle allegations it did not prevent RehabCare Group East Inc. from providing unnecessary therapy.
Ventas gets big gain in Q2
By
Elizabeth Newman
Sep 01, 2012
Ventas Inc. posted a huge gain in the second quarter, with revenues up by almost 70% compared to a year go.
The total revenue in the quarter was $616.4 million. A year ago, the revenue was $359.5 million.