Genworth To Be Acquired for $2.7 Billion Genworth Financial (NYSE: GNW) has entered into an agreement to be acquired by a China-based investment company, China Oceanwide Holdings Group Co., for $2.7 billion. China Oceanwide has agreed to buy Genworth for $5.43 per share in cash. Genworth is a Fortune 500 company and a major provider […]
Procura
Kindred Healthcare Names Peter K. Kalmey as President of Hospital Division Kindred Healthcare, Inc., the largest post-acute services provider in the country, announced that Peter K. Kalmey is the new president of its hospital division, effective Jan. 1, 2016. Kalmey will be a member of the company’s executive committee. Kalmey succeeds Steven L. Monaghan, who […]
The future may not seem so clear in an industry rife with federal funding cuts, but those in the home health field are certain that the latest batch of rollbacks will signal at least one thing: short-term consolidation among providers. Regulatory cuts to home health Medicare payment rates, such as the 3.5% rebasing cut each […]