Last week, the the Superior Court of the State of California, County of Humboldt, denied the Motion for Mistrial or New Trial on Grounds of Juror Misconduct filed previously by Skilled Healthcare Group, Inc. (NYSE: SKH).  In early July, Skilled Healthcare announced that the jury returned a verdict against the company for $671 million dollars. 

[Read more →]

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 [...]

[Read more →]

A new report released by Univita Health estimates that the average annual cost nationwide of a private room in a Medicare-certified skilled nursing facility (SNF) was $90,155 and the average daily rate for a single occupancy, private room in a Medicare-certified SNF was $247.  The study surveyed over 2,000 nursing homes, 2,000 assisted living facilities [...]

[Read more →]

The U.S. Department of Health and Human Services (HHS) recently announced grants that will provide $106 million in funding for Nursing Workforce Development and $29 million for interdisciplinary geriatric education and training programs.  A total of 85 awards will fund three geriatric education and training programs at accredited health professions schools that include:

[Read more →]

Governor Pat Quinn last week signed historic legislation that transforms Illinois’ system of care for frail older adults and persons with disabilities.  The Governor signed two new laws, Senate Bill 326 and Senate Bill 2863, that improve the lives of current and future nursing home residents and are based upon recent research, investigations and deliberation [...]

[Read more →]

Referrals are the best source of business and nursing homes are no different.  The 2009 National Survey of Consumer and Workforce Satisfaction in Nursing Homes, recently released by My Innerview, shows a majority (85%) of consumers (residents and their families) report their willingness to recommend their facility as either “excellent” or “good.” Sixty-eight percent (68%) [...]

[Read more →]

Rates are rising by 1.7% for nursing home payment rates according to a recent announcement by the Centers for Medicare & Medicaid Services (CMS) that will increase Medicare payments to nursing homes by an estimated $542 million during fiscal 2011. 

[Read more →]

Carlyle Group and TPG Capital agreed Monday to acquire Australia’s Healthscope for for $2 Billion.  Healthscope is Australia’s second largest hospital operator in the country with 43 private hospitals and owns 45 medical clinics and operates pathology services in Australia, New Zealand and Southeast Asia.

[Read more →]

Skilled Healthcare Group, Inc. (NYSE: SKH) announced that it has agreed to a stipulation with the parties of the lawsuit in Humbolt County that was previously announced last week.  Pursuant to the stipulation, the parties have agreed to stay all proceedings in the litigation to pursue mediation and is subject to court approval.  from the [...]

[Read more →]

National Health Investors, Inc. (NYSE:NHI) announced earlier this month the sale of two skilled nursing facilities in Texas and a $11.5 million purchase/leaseback transaction with Bickford Senior Living and its affiliates (“Bickford”) involving two assisted living facilities in Iowa and one in Indiana.  The sale of the two skilled nursing facilities in Texas was to [...]

[Read more →]

Skilled Healthcare Group, Inc. (NYSE: SKH) reported that a jury in Humboldt County, California, returned a verdict against the company for a complaint filed more than four years ago.  The case, previously disclosed in SKH’s regulatory filings, is expected to be finalized in the coming weeks as the jury awarded the plaintiffs $613 million in [...]

[Read more →]

J.H. Floyd Nursing and Rehabilitation Center, a 101 bed not-for-profit skilled nursing facility in Sarasota, FL recently selected Traditions Management to provide professional management and consulting services. The new management agreement started on February 1, 2010.  J.H. Floyd Nursing and Rehabilitation Center is part of the The J.H. Floyd Sunshine Manor Campus of Superior Care, [...]

[Read more →]