Ventas Completes Previously-Announced Cogdell Spencer Acquisition Ventas, Inc. (NYSE:VTR) announced on Monday, April 2 that it had completed its previously announced acquisition of Cogdell Spencer (NYSE:CSA). “With the closing of the accretive Cogdell acquisition, Ventas is now the largest owner of medical office buildings (“MOBs”) in the U.S. with over 21 million square feet of […]
Category: Home Healthcare
Whether it’s the economy or merely the fact that a large majority of people desire to stay in their own homes, aging in place is something that senior living communities must figure out how to incorporate into their business model going forward. A recent MetLife Mature Market Institute survey shows 83% of retiring boomers have […]
The cost of care among facility-based providers has steadily risen in the past five years, according to the results of Genworth’s 2012 Cost of Care Survey, while the cost of in-home care services has remained relatively flat. The cost of a single-occupancy assisted living unit, with a national median monthly rate of $3,300, rose 1.19% […]
Home health care companies are not happy with the Obama Administration’s push to require that home health workers receive minimum wage, despite the industry being one of just a few to maintain profits during the worst of the recession, reports USA Today. One of the industry’s leading companies, Home Instead Senior Care, spent at least […]
This article is part of a series following “Will the Nation Go Broke Paying for Senior Housing & Long-Term Care?“ The whole aging-in-place movement can be scary for senior housing providers who worry about how their occupancy levels might be affected with seniors increasingly wishing to remain in their own homes, but they can take […]
The Ensign Group, Inc. (NASDAQ:ENSG) announced on Feb. 13 that an Ensign subsidiary had acquired Connected Home Health, a small home health agency based in Portland, Oregon, effective as of Feb. 10, 2012. “We are pleased with the growth and development of our home health businesses thus far, and this lateral diversification broadens Ensign’s reach […]
The Ensign Group, Inc. (NASDAQ:ENSG) announced on Feb. 13 that an Ensign subsidiary had acquired Connected Home Health, a small home health agency based in Portland, Oregon, effective as of Feb. 10, 2012. “We are pleased with the growth and development of our home health businesses thus far, and this lateral diversification broadens Ensign’s reach […]
Gentiva Health Services, Inc. (NASDAQ:GTIV), the the largest provider of home health and hospice services in the U.S. based on revenue, reported its fourth quarter and 2011 results on Feb. 7, showing losses of more than $449.8 million in the full fiscal year for a net loss attributable to shareholders of $450.5 million, or ($14.85) per […]
Independent Living Systems, LLC, a long-term care, care management, post discharge, and nutrition services provider to the elderly and dual eligible populations, announced on Jan. 4 that it has completed a strategic recapitalization, with new investors including Oak Investment Partners, a healthcare and information technology investor, and healthcare private equity investment firm Mansa Capital. “ILS […]
Home health care is being made available for up to 10,000 Medicare patients through a health care reform law demonstration that seeks to improve care and lower costs for seniors and people with disabilities, announced the Centers for Medicare & Medicaid Services (CMS). “This program gives new life to the old practice of house calls, […]
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