A 76-year-old nursing home resident in Minnesota has died weeks after police shot him with a taser, according to local reports.
Extendicare, a major North American long-term care operator, may sell off its 158 U.S. facilities before the end of the year. The company's move to separate its Canadian and U.S. businesses could strike an ominous note to other providers as the Affordable Care Act speeds toward full implementation.
Extendicare Health Services recently completed a $37.7 million portfolio refinancing of six SNFs in the Midwest. Ziegler Financing Corporation closed the transaction.
Extendicare Inc., which operates more than 240 senior care centers, will be splitting up its U.S. and Canadian businesses, the company announced Thursday.
Benedictine Health System President and CEO Dale M. Thompson will retire in December. Thompson is a former president of the American Health Care Association.
A new study shows that long-term care claim severity and loss rates have grown 4% each year since 2009, and the liability costs per bed is expected to be $1,540 by next year.
Navigator Group Purchasing, a subsidiary of Managed Health Care Associates, has reached an agreement with Extendicare Health Services Inc. to purchase its group purchasing subsidiary, UHF/Star Purchasing Services, for $56 million. Upon completion, it would be Managed Health Care Associates' third major GPO-related acquisition in a year. The deal would lay the groundwork for forming the biggest GPO serving long-term care, according to MHCA. Previously, Managed Health Care Associates purchased Navigator Inc. in December 2010 and Tidewater GPO in May. The Extendicare sale — comprising Star Purchasing Services and UHF Purchasing Services — is expected to close early next year, according to a statement from Extendicare Health Services' parent company, Extendicare Real Estate Investment Trust.