For-Profit

The Sorting Hat and a new option

January 09, 2012

If you have relatives between the ages of 10 and 20, chances are good that you are more familiar with Harry Potter than you care to admit. J.K. Rowling wrote seven novels that chronicle Harry's good-versus-evil adventures at the Hogwarts School of Witchcraft and Wizardry.
 

Nursing home programs authorized by reform law likely to go unfunded

June 13, 2011

An initiative to monitor for-profit nursing home chains and another to increase implementation of electronic health records in nursing homes were both included under the Affordable Care Act. But given the current federal deficit debate, these and other healthcare proposals might remain unfunded, officials say.
 

Report: Nursing home stocks weathering economy OK, but reimbursement concerns loom

April 27, 2009

At least a handful of for-profit nursing home companies' stock values are holding strong, despite an overall shaky economy, a new Dow Jones report notes. The key has been relatively stable Medicare and Medicaid payments, though there is concern about payment levels for fiscal 2010 that are expected to be announced around the end of the month, report authors note.
 

New bills would provide nursing homes with funding for disaster relief and sprinkler systems

March 25, 2009

One new federal bill would expand the scope of disaster relief to include for-profit nursing homes, while another would help fund the installation of sprinkler systems.
 

Nursing home operator faces setback in lawsuit that brought $30 million judgment against it

March 01, 2009

An appeals court has ordered the retrial of a lawsuit in which a major nursing home chain had most of a $29.8 million punitive damages award against it thrown out. The Tennessee Court of Appeals ruled last week that a Warren County Circuit Court judge had made a mistake two years ago when he reduced the damages amount to $163,000.
 

Kindred earnings rise 30% in fourth quarter

February 23, 2009

Despite the general economic gloom at the end of 2008, Kindred Healthcare Inc. ended the year strong. Net income rose by 30% in the fourth quarter compared with the same quarter a year earlier.
 

Assisted living DONs receive pay bump in 2008, CNA turnover rates hold steady

January 30, 2009

Directors of nursing at assisted living facilities saw a slight pay increase in the last year. Their national average salaries rose to $60,000 in 2008 from $59,627 in 2007, according to the eleventh annual 2008-2009 Assisted Living Salary & Benefits Report.
 

Initial results of five-star ratings: Nonprofit nursing homes deliver better care, analysis shows

December 19, 2008

Nonprofit nursing homes provide a higher quality of care than for-profit facilities, according to an analysis by USA Today of the first ratings of nursing homes by the government's five-star rating system.
 

Golden Living names Dr. Neil Kurtz second CEO

August 13, 2008

The nation's second largest nursing-home chain has turned to a physician with deep experience in pharmaceutical research and delivery to become its new chief executive. Neil Kurtz, M.D., will become Golden Living's president and CEO on Aug. 29, the company announced Tuesday.
 

'Transparency' bill rankles for-profits

April 01, 2008

The for-profit long-term care community has been digesting a bitter tasting piece of proposed new legislation in recent weeks.
 

It's in the genes

January 15, 2008

CEO Robert Adams follows in his father's footsteps.
 

Report blasts private equity for cutbacks

November 01, 2007

Private equity investors who have been hailed in long-term care circles for scooping up hundreds of facilities at high prices were ripped in a New York Times investigative article for allegedly cutting nursing hours and expenditures to boost profits.
 
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