Major LTC insurer posts $844 million loss, shares tumble ... Kindred's quarterly numbers suggest restructuring is paying off ... Monkey study raises hopes of weekly injections to fend off Alzheimer's ... Dementia can be predicted by walking speed and memory complaints, research suggests
Kindred overcomes Gentiva objections, forges $1.8 billion acquisition to expand gigantic healthcare 'ecosystem'October 10, 2014
Kindred Healthcare has succeeded in its quest to acquire Gentiva Health Services. The companies announced Thursday morning they would combine to create the fourth-biggest healthcare provider of any type in the United States. The $1.8 billion deal was approved by the boards of both companies, ending Kindred's five-month hostile takeover bid for the home health provider.
A Maryland nursing home company has agreed to a $1.3 million settlement over charges that it did not prevent overbilling by its contracted therapy provider, federal authorities announced Monday. This is the second such settlement this month involving therapy company RehabCare Group East Inc.
Kindred Healthcare plans to "vigorously" fight a lawsuit filed by some California employees alleging failure to pay minimum wage and overtime, and restricting break times, among other charges.
Accomplice in nursing home photo scandal yet to be identified ... Cheap diabetes drug could keep Alzheimer's at bay? ... Kindred narrows Gentiva bid, raises offer price ... AIR Act would cut DMEPOS audits
Former assisted living worker used the facility as his "sexual hunting ground," judge states ... Kindred blasts Gentiva's latest move to scuttle hostile takeover ... FDA approves inhaled insulin diabetes treatment
MRSA drug gains approval through govt's rapid process ... Kindred blasts Gentiva over 'poison pill' ... Improved vision increases seniors' fall risk? ... Observation stays for falls increase in WA
Kindred Healthcare has launched a hostile takeover to acquire home health company Gentiva, announcing a $533 million bid Thursday. The total deal would be valued at $1.6 billion, including assumed debt.
C. Scott Blanchette began as Kindred Healthcare's chief information officer this week.
Kindred Healthcare, one of the nation's largest long-term care operators, has completed the first phase of a repositioning plan and is entering a period of growth, company leaders recently announced.
Top long-term care officers tackled some of the field's main challenges, exchanged perspectives on new opportunities and shared ideas on what the future might hold.
Brookdale Senior Living has sued PharMerica, charging that the long-term care pharmacy improperly changed its drug pricing for Brookdale facilities.
Long-term care groups have expressed concern over a recent court ruling that could lead to the formation of "micro-unions" in nursing and assisted living facilities.
Major long-term care provider Kindred Healthcare will split with its current pharmacy partner, PharMerica, and team with the sector's largest pharmacy, Omnicare, at the end of 2013, according to documents filed with the Securities and Exchange Commission.
As it recovers from a bruising fourth quarter, Kindred Healthcare said it would not renew seven Ventas lease bundles containing 64 facilities in 2013.
Six nursing home companies have been removed from Standard & Poor's Rating Service downgrade watch.
Ratings agency Standard & Poor's has put all six of its rated for-profit nursing home operators on Credit Watch with a negative outlook.