Five months after ProMedica acquired HCR ManorCare, the Ohio hospital system’s debt has ballooned. ProMedica’s long-term debts have more than quadrupled since the deal, reaching $1.9 billion at the...
Department of Justice weighs down Diversicare
By
Marty Stempniak
Dec 05, 2018
Hampered by an ongoing investigation, Diversicare Healthcare Services recorded a $7.4 million net loss in the third quarter of this year.
States spring to action after Skyline misses huge payroll
By
James M. Berklan
May 08, 2018
The Kansas Department of Aging and Disability Services sought emergency powers to take over operations at 15 nursing homes in late March after New Jersey-based Skyline Health Care failed to make payroll....
Occupancy hits 5-year low
By
Nov 05, 2016
Occupancy rates for skilled nursing facilities dropped to 82.2% in the second quarter of 2016 — the lowest level in five years, according to a report released in September by the National Investment...
Extendicare closes sale
By
Sep 04, 2015
Extendicare closed the $870 million sale of its United States facilities to an investor group led by private equity firm Formation Capital LLC.
Ventas buy adds payoff
By
John O'Connor
Feb 01, 2015
Ventas has declared a prorated common stock dividend, pending the completion of its American Realty Capital Healthcare Trust purchase.
LTC liability costs projected to increase by 5% nationally
By
John O'Connor
Jan 01, 2015
Long-term care providers should prepare for higher liability costs. They are anticipated to increase by 5% on a national basis in 2015, according to a new analysis from the American Health Care Association/National...
Genesis, Skilled Healthcare deal forms mega-company
By
John O'Connor
Oct 01, 2014
Genesis HealthCare and Skilled Healthcare Group will merge to create a single company with more than 500 facilities nationwide, the providers announced in late August.
BusinessBriefs for October 2014
Oct 01, 2014
» Brookdale Senior Living and real estate investment trust HCP have finalized a $1.2 billion joint venture, the firms announced. The new partnership will include 14 continuing care retirement communities...
BusinessBriefs
Jul 01, 2013
» Atria Senior Living announced tennis legend Billie Jean King will help develop and promote an active aging program for residents, to decrease the risk of falls and extend active lifestyles.