Catholic Health Initiatives (CHI) and Bethesda, Inc. recently announced that the two entities have agreed to the sale of Bethesda, Inc’s subsidiary Consolidated Health Services, Inc to CHI.  Consolidated Health Services currently operates in 30 locations in Indiana, Kentucky and Ohio and includes American Nursing Care, which provides home health services; Patient Transport Services, which [...]

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Kindred Healthcare, Inc. (NYSE: KND) announced last week that its subsidiaries have signed a definitive agreement to acquire five long-term acute care ("LTAC") hospitals from Vista Healthcare, LLC ("Vista") for a purchase price of $180 million in cash.  Kindred also announced that its subsidiaries have signed a definitive agreement to acquire three recently constructed nursing [...]

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North Shore University Hospital (NSUH) announced earlier this month that it has reached agreement to purchase assets of the Saint Vincent’s Catholic Medical Center Certified Home Health Agency (CHHA), subject to the approval of the United States Bankruptcy Court for the Southern District of New York. The transaction results in an eight-county CHHA license for [...]

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The Visiting Nurse Service of New York (VNSNY) announced earlier this month that it recently bid on and is set to acquire the Long Term Home Health Care ("Lombardi") Program from St. Vincent’s Catholic Medical Center.  VNSNY is currently licensed to provide long term home health care to 2,301 chronically ill New York residents and [...]

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CCRCs:  Risks Exists But No Federal Regulation Recommended At This Time Continuing Care Retirement Communities (CCRCs) may get more oversight and regulation at a federal level in the future based upon the tone of Wednesday’s Senate Committee on Aging chaired by Herb Kohl.  The committee heard testimony at a hearing entitled, "Continuing Care Retirement Communities [...]

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There’s a buzz about a recent article in the Wall Street Journal entitled, “Beyond Estate Planning: Bankers Tackle Elder Care” that talks about growth opportunities that banks are seizing to help assist some of their best and most trustworthy customers, their senior customers.  From helping to pay bills, arrange for services or refer to other [...]

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Last week, Boston University scientist announced that they have discovered the genetic signature of longevity in the most recent Science magazine.  The tests developed as part of the study were able to identify 150 genetic markers that predict longevity with a 77% accuracy.  With the ability to predict genetic disposition to aging, people are going [...]

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Last week, the U.S. Department of Health and Human Services unveiled a new on-line tool that will attempt to help consumers by providing new information and resources that explain the new healthcare changes coming as part of the Affordable Care Act.  HealthCare.gov  is the first central database of health coverage options, combining information about public [...]

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According to a new report by Deloitte’s Center for Health Solution, state governments’ obligation to their Long-Term Care (LTC) Medicaid enrollees may have the potential to debilitate government effectiveness and create severe fiscal distress.  The report, "Medicaid Long-term Care: The Ticking Time Bomb," cites state budgetary pressures, the fact that Medicaid is the nation’s primary [...]

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It’s no secret that senior care costs both real dollars and intangible costs for providing care and those costs are especially high for Alzheimer’s care.   A new report released last month from the Alzheimer’s Association, “Changing the Trajectory of Alzheimer’s Disease: A National Imperative” shows that in the absence of disease-modifying treatments, the cumulative costs [...]

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Does keeping healthy really reduce the costs of living in retirement or does it actually increase those costs because improved health leads to longer life?  A recent brief from the Center for Retirement Research at Boston College reported new findings on average lifetime health care costs at selected ages and on the distribution of those [...]

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The Reverend Kenneth Dupin, leader of a small Methodist church in Sale, Virginia, is getting a lot of attention lately for his invention called MEDcottage.  The invention is a portable dwelling unit that could be moved into a family’s back yard and used to shelter a loved one in need of special care.  The company, [...]

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