Affiliates of Formation Capital LLC and JER Partners have agreed to pay more for Genesis HealthCare Corp. They raised the price to $64.25 per share in cash, up from $63 a share.
Genesis defends itself against flawed-bidding allegations
By
Haymarket Media
Apr 16, 2007
Shareholders of Genesis HealthCare Corp. are scheduled to vote this week on whether to approve the $1.7 billion sale of the company amid allegations that an unfair bidding process greased the transaction.
Manor Care prepping for a sale?
By
Haymarket Media
Apr 12, 2007
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...
Rehabilitation Feature: The short view
By
Liza Berger
Apr 11, 2007
Despite pressure from hospitals and potential Medicare cuts, more providers are attracted to short-term therapy services.
Common constipation drug pulled from the market
By
Haymarket Media
Apr 05, 2007
The U.S. Food and Drug Administration has pulled Zelnorm from the market because it can cause an increased risk of heart attack, angina, stroke and death.
AARP: Drug price increase in 2006 exceeds rate of inflation
By
Haymarket Media
Mar 08, 2007
Last year – for the sixth year in a row – manufactures’ prices for brand name drugs rose at twice the rate of inflation, according to a new report from AARP.
Generics comprise growing percentage of Part D usage
By
Haymarket Media
Feb 12, 2007
About 60% of all prescription drugs used by beneficiaries in the Medicare Part D program through the third quarter of 2006 were generics, according to the Centers for Medicare & Medicaid Services.
Formation strikes gold with $1.7B Genesis buy
By
Liza Berger
Feb 07, 2007
Private equity firms continue to wheel and deal in the long-term care sector.
A joint venture of Formation Capital LLC and JER Partners last month announced the purchase of Genesis HealthCare Corp., the...
Profile — His world of good: Msgr. Charles Fahey
By
Julie Williamson
Feb 07, 2007
Monsignor Charles Fahey recalls the day in 1961 when he first began the somewhat surprising transition from parish pastor to central figure in the field of aging. The bishop told Fahey — a newly ordained...
HHS awards $103 million in Medicaid grant money
By
Haymarket Media
Jan 30, 2007
The federal government recently awarded $103 million in Medicaid grants to programs in 27 states. The money will be used to fund more widespread use of electronic healthcare records, improve collection...