For senior care providers, gearing up for “March Madness” this year probably doesn’t mean filling out an NCAA tournament bracket—it means scrambling for ways to mitigate a new round of reductions to Medicare reimbursement rates currently en route to the industry. Barring Congressional action, skilled nursing and rehabilitation providers are in for a 2% sequestration-induced […]
HCR
HCP Inc. (NYSE:HCP) saw its profits more than triple to $239.9 million, or $0.53 per share, for the fourth quarter ended Dec. 31, 2012 compared to the previous year, when net income was affected by a $125 million legal settlement. Net income applicable to common shares for all of 2012 totaled $812.3 million, up nearly […]
Despite chatter about development, many senior living industry giants seem to be focusing more on repositioning, renovating, and rebranding their communities than on building new ones. Brookdale Senior Living spent $7.9 million of net cash in the third quarter as part of its multi-million Program Max initiative to expand, redevelop, and reposition many of its […]
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