CompanyBriefs

Share this article:

» IPC The Hospitalist Company has acquired four affiliated post-acute practices in White Plains, NY. Known collectively as Park Avenue, the affiliated practices serve more than 120 skilled nursing and other post-acute facilities, according to co-owner Brad Markowitz. IPC is a physician group offering services in more than 800 post-acute facilities.

» St. Francis Healthcare System of Hawaii has doubled the estimated costs of opening a new 119-bed skilled nursing facility on a former hospital campus in Honolulu. Updated plans have pushed the project into the $20 million range, according to local reports. A capital campaign is in the works and construction is likely to begin in early 2014, officials said.

» The Redwoods, a community dedicated to providing affordable senior living and long-term care, closed on $30 million in financing for a revitalization project. In operation for four decades, the community in Mill Valley, CA, seeks to update its physical plant. Ziegler announced the deal, which involved tax-exempt bonds insured by Cal-Mortgage.

Ventas got a bump from Standard & Poor's, which last month raised the rating on Ventas' unsecured debt from BBB to BBB+, with a stable outlook. Ventas Chairman and CEO Debra A. Cafaro said the upgrade reflects the real estate investment trust's “financial strength and flexibility” and the “excellent performance” of its portfolio.



Share this article:

More in News

Breier named new CEO at Kindred

Breier named new CEO at Kindred

Kindred Healthcare announced Thursday that it has chosen a new top executive to lead its push toward creating a mammoth national brand. Benjamin A. Breier, the company's current president and ...

Proposed managed care rule could accelerate shift away from nursing home care, official suggests

Proposed managed care rule could accelerate shift away ...

Proposed regulations slated for early 2015 likely will affect how Medicaid managed care balances home- versus facility-based long-term care, news sources reported Wednesday.

Assisted living residents say 'homelike' setting not so important

Contrary to conventional wisdom, assisted living residents might not place a high value on how "homelike" their surroundings are, suggest findings out of St. Catherine University in St. Paul, MN.