Skilled Healthcare Group, Inc. (NYSE: SKH) announced the completion of its special investigation relating to the understatements of its accounts receivable reserves in its financial statements for the periods January 1, 2006 through March 31, 2009. Skilled Healthcare has completed the restatement of its consolidated financial statements for the three years ended December 31, […]

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As the economy in California struggles and the state government working with limited funds, Governor Schwarzenegger is facing some challenges to make ends meet and one area that is on the chopping block is the state’s senior housing programs.  The governor’s cuts include proposals to shut down the state’s adult day care centers that […]

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Nationwide Health Properties, Inc.(NHP) reported results last week that showed an increase in revenues of 14% and an increase in diluted funds from operations (FFO) compared to first quarter of 2008.  During the quarter NHP sold three buildings in the first quarter for approximately $35.0 million in gross proceeds and invested $8.0 million in revenue […]

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Ecumen, a senior housing and long-term care consultant, last week released a new whitepaper designed to ensure registered nurses (RNs) working in senior housing communities effectively prepare for leadership roles by learning how to delegate tasks in line with state law and patient safety.  Tips for Effective Delegation in Long Term Care is currently available […]

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Skilled Healthcare Group reported net income of $10.9 million, or $0.29 per diluted share, as compared to net income of $8.4 million, or $0.23 per diluted share, in the first quarter of 2008 last week.  The company reported revenues during the first quarter of 2009 for a total of $189.5 million, an increase of 4.8% […]

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Last week, leading industry players met at the national ALFA conference and expressed overall optimism and in the state of the industry and optimism about future prospects at its annual conference in Philadelphia.  The tone of the conference and the speakers show that while the recession is providing challenges, they feel that they are weathering […]

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Genworth Financial released its annual long term care costs survey for 2009 that finds that the costs for nursing home and in-home care as well as assisted living have continued to surge.  The study shows that the cost of labor is the driving factor in the increases in the report and that the costs of […]

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The check is in the mail…soon, sometime toward the end of May.  Stimulus checks are going to be coming soon to most individuals who get Social Security, Social Security Disability Insurance (SSDI), Supplemental Security Income (SSI), will receive a one-time payment from the U.S. government of $250 as part of the American Recovery and […]

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The Center for Retirement Research (CRR) at Boston College released earlier this month its biannual National Retirement Risk Index (NRRI) report that adds long-term care expenses to the Index calculation. The addition produced another increase in the number of working Americans who may not be financially prepared to retire and increased the index number by […]

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Prudential Mortgage Capital Company recently announced that it had arranged a $756 million construction loan for a new hospital in Hopewell Township, N.J., the largest in Federal Housing Administration history. Prudential’s (NYSE: PRU) FHA-lending business arranged the loan through the FHA’s Section 242 Hospital Mortgage Insurance program.  The hospital, located in the Trenton N.J. area, […]

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A recent study published in the Journal of the American Medical Directors Association, showed that Hispanic nursing home patients are more likely than their white counterparts to develop bedsores or pressure ulcers.  The research was conducted by a professor at Brown University’s Warren Alpert Medical School and analyzed data on over 74,000 urban nursing home […]

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The Ensign Group, Inc. (Nasdaq: ENSG) announced last week that its Mt. Ogden Health & Rehabilitation Center in Ogden, Utah has successfully graduated from the Centers for Medicare and Medicaid Services’ Special Focus Facility program.  The facility, which was acquired by an Ensign operating subsidiary in July 2006, was added to the Special Focus program […]

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