Last week, Sunrise Senior Living (NYSE:SRZ) disclosed in a SEC filing that one of its wholly owned subsidiaries entered into a joint venture for the purchase of 29 senior living facilities valued at $630 million. When the transaction is complete, Sunrise will own 40% of the JV. Sunrise currently owns 10% of the current joint [...]
Uncle Sam wants you….to be healthier by 2020. Last week, the U.S. Department of Health and Human Services (HHS) unveiled Healthy People 2020, a 10 year plan with goals and objectives for the promotion of health and disease prevention. The initiative sets national objectives and measurable monitoring yardsticks that will evaluate progress on promotion and [...]
The state of Vermont has recently stepped up to provide almost $600,000 to assist in repairing the Montpelier senior center which will also help develop 14 senior apartments on the site. The facility was heavily damaged during a December 2009 fire and the funds will help repair the fire-damaged building. As part of the rebuilding [...]
Greystone Healthcare Management recently announced the addition of Broadview Health and Rehabilitation Center, Columbus Ohio to its portfolio of skilled nursing facilities under management in the Midwest. Broadview Health and Rehabilitation Center, a 112 bed skilled nursing facility which opened in 1989, is located in the upscale Easton/New Albany area of northeast Columbus and represents [...]
Last week, the House and Senate passed bills that will repeal the implementation date expiration of the RUG-IV system and extends Medicare’s Part B therapy caps exception process until 2012. The legislation also will push the 25% cut in physician Medicare reimbursement rates through the end of 2011. Long term care industry groups, members of [...]
Golden Living has announced that it has setup a new, in-house consulting pharmacy company that will focus on improving medication safety and patient outcomes. The new group, known as Golden Clinical Rx Services, will employ a clinical pharmacist model using certified geriatric pharmacists (CGPs) for its Golden LivingCenter patients. The program plans to use the [...]
Should assisted living facilities that accept Medicaid follow the same rules as other health care providers? According to a new brief by the National Senior Citizens Law Center (NSCLC), the answer is a resounding yes. The new brief, "Medicaid Payment for Assisted Living: Preventing Discrimination against Medicaid-Eligible Residents", outlines the Center’s position that calls for [...]
Only two weeks left before Santa comes and delivers presents to the good boys and girls. Santa visited one of this week’s Movers and Shakers…no coal in his stocking. Got staffing announcements? Send them our way to movers-shakers@seniorhousingnews.com Sunrise Extends CEO Employment Agreement Last week, Sunrise Senior Living (NYSE:SRZ) disclosed in a SEC filing [...]
National HealthCare Corporation (NYSE Amex: NHC) has announced that it has purchased Macon Health Care Center, a 120-bed skilled health care center in Macon, Missouri, and Osage Beach Health Care Center, a 120-bed skilled health care center in Osage Beach, Missouri. The facilities acquired have been under management by NHC since 1982. As part of [...]
