Senior Housing Investments & Transactions: Five Star Transfers to Nasdaq

ABHOW, be.group Complete Merger American Baptist Homes of the West (ABHOW) and be.group have completed their merger and will now be part of holding company Cornerstone Affiliates. The previously announced deal was approved by regulators early last month. The merged companies form California’s largest nonprofit senior living provider and the nation’s sixth-largest such organization. The […]

Senior Care Company Targeted in Fraud Case Must Pay Feds $2.7 Million

A Chattanooga, Tenn.-based nursing home manager has agreed to pay $2.7 million to resolve False Claims Act allegations, announced the Department of Justice (DOJ) last week.  Grace Healthcare LLC and its affiliate Grace Ancillary Services LLC allegedly violated the False Claims Act, according to DOJ, for knowingly submitting claims for medically unnecessary rehabilitation therapy.  The […]