The nation’s largest nursing home chain plans to retain investment bank JPMorgan. Manor Care Inc. said the move will help it make better strategic moves in the months ahead. Analysts noted that Manor...
Nursing home stocks rally in wake of Medicare reduction proposal
May 05, 2009
Nursing home operators may be lamenting the government’s proposed Medicare payment cuts, but the stock market has reacted differently. Shares of several publicly traded long-term care chains spiked...
Ventas done with spin-off
By
Oct 05, 2015
Ventas Inc. announced it has completed the spin-off of the majority of its post-acute and skilled nursing facility portfolio into an independent, publicly traded REIT.
Aldersgate Healthcare selects new workforce management tool
Jun 07, 2016
Aldersgate Healthcare Inc. has chosen a series of SmartLinx Solutions LLC. products to fulfill its workforce management needs.
Handle glows in dark
By
Elizabeth Newman
Jul 10, 2013
A new handle called Flip A Grip can be installed in a doorway or area where a large grab bar won’t fit. Invented by a physical therapist, the handle has exterior screws and is easy to install, the...
Skilled nursing company Medicalodges faces charges of withholding overtime pay
By
McKnight's Staff
Jun 28, 2013
A former employee of Medicalodges Inc. recently filed a lawsuit against the skilled nursing provider, alleging that the company does not properly compensate workers.
Ziegler announces affiliation between NC retirement organizations
Jun 11, 2014
Ziegler has announced the affiliation between The Board of Trustees of Friends Homes Inc. and the Board of Governors of The Presbyterian Homes Inc., creating the largest not-for-profit continuing care...
RecoverCare and Joerns to merge in June
By
Elizabeth Newman
Jun 01, 2014
RecoverCare LLC will merge with Joerns Healthcare, the companies announced in April.
Kindred sues Ventas in rent flap
By
McKnight's Staff
Jul 10, 2006
Nursing home chain Kindred Healthcare Inc. has sued its main landlord, Ventas Inc., in New York State Supreme Court in an increasingly messy scrap over proposed rent increases.
Intermec to acquire Vocollect
Jan 18, 2011
Intermec Inc. will purchase Vocollect Inc. for $190 million, both firms announced. Vocollect makes AccuNurse, a voice activated software solution in the long-term care sector. Pending regulatory approval,...