Extendicare Health Services recently completed a $37.7 million portfolio refinancing of six SNFs in the Midwest. Ziegler Financing Corporation closed the transaction.
Judge lets kickback case vs. therapy provider go forward
By
McKnight's Staff
May 01, 2013
A whistleblower lawsuit involving a nursing home chain and therapy providers in Missouri can move forward, a federal judge has ruled. The False Claims Act case originated with allegations that a therapy...
HHS wants $10 million potential payday for Medicare fraud whistleblowers
By
McKnight's Staff
Apr 26, 2013
The Department of Health and Human Services is trying to encourage Medicare fraud whistleblowers by substantially increasing their potential reward. The current maximum award of $1,000 would go up to $9.9...
Amgen pays $25 million to settle whistleblower case over kickbacks to long-term care pharmacies
By
McKnight's Staff
Apr 18, 2013
Biotechnology company Amgen will pay $24.9 million in a settlement over whistleblower allegations that the company paid kickbacks to long-term care pharmacies to increase the use of an anemia drug in nursing...
Kindred will trim more SNFs from its portfolio, Diaz says
By
McKnight's Staff
Apr 01, 2013
Kindred Healthcare will continue to offload its nursing facility operations leased from Ventas, according to President and CEO Paul J. Diaz.
Kindred Healthcare steps up its transition game
By
McKnight's Staff
Nov 14, 2012
Kindred Healthcare has announced plans to open new transitional care centers in Indianapolis and Las Vegas by 2014. The company will also open expanded transitional care hospitals in Dayton, OH, and Charleston,...
Kindred executive urges Senate to test payment reforms, put off Medicare cuts
By
McKnight's Staff
May 24, 2012
A top nursing home industry executive made a case against Medicare cuts and in favor of payment and delivery reforms in long-term and post-acute care in a Senate hearing Wednesday.
Long-term care hospital operators benefit from CMS payment reduction phase-in
By
McKnight's Staff
Apr 26, 2012
Two major long-term care hospital operators saw their stocks rise upon news that planned payment cuts will be phased in over time.
Pat Henry named president of RehabCare
Dec 21, 2011
Kindred Healthcare Inc. has announced that Pat Henry is the newly appointed president of its RehabCare division. She replaces Chris Bird. A speech pathologist by training, Henry most recently was an executive...
Kindred dives deeper into home healthcare
Sep 06, 2011
Kindred Healthcare is strengthening its quest to grow as a healthcare giant serving a wider range of clients by acquiring a home health company.