Latest News

Former nursing home leaders still on the hook for $2.25 million following bankruptcy

Former nursing home leaders still on the hook for $2.25 million following bankruptcy

On the heels of a Florida court decision that puts a nursing home unlikely to emerge unscathed from bankruptcy, a federal appeals court has ruled former officers and directors of a different nursing home are still liable for $2.25 million in compensatory damages.

Researchers discuss ways to overcome stubbornness in older adults

Families trying to help older adults to agree to supportive services or additional care often face the barrier of perceived stubbornness, which researchers say can be mitigated with proper intervention.

Also in the news for Thursday, January 29

Senate votes to reauthorize Older Americans Act ... FDA to strengthen review of automatic external defibrillators .... Groups push back against dual eligible Part D rebates.

Business manager pleads guilty to embezzling $460,000 in resident trust fund scheme

A former nursing home business office manager in Michigan has pleaded guilty to embezzling more than $460,000 from residents.

CBO: Federal deficit decreasing, but expected to rise with baby boomer retirement

CBO: Federal deficit decreasing, but expected to rise with baby boomer retirement

Medicare reimbursements grew modestly in 2014, according to a government report that focused on the decrease in the federal deficit.

Company News

BusinessBriefs for January 2015

» Walker & Dunlop said a $9.9 million loan for the refinance of Vista Healthcare Center in California has closed. The center has 187 skilled nursing beds. The transaction was processed through the HUD's LEAN program. The borrower, LifeHOUSE Health Services, will be able to pay off existing intra-company debt and take advantage of a long-term sub-4% rate. The loan is "somewhat unique," the firm said, as it carries a one-year lockout period with four years of lower-than-standard prepayment penalties.

Kindred to add 500 jobs in KY

Kindred Healthcare will expand its headquarters and add about 500 jobs, the company announced in December.

LTC liability costs projected to increase by 5% nationally

LTC liability costs projected to increase by 5% nationally

Long-term care providers should prepare for higher liability costs. They are anticipated to increase by 5% on a national basis in 2015, according to a new analysis from the American Health Care Association/National Center for Assisted Living and Aon Global Risk Consulting, an arm of insurer Aon plc.

State News

State News for January 2015

State News for January 2015

NEW JERSEY — Lawmakers here will soon debate the merits of a bill that would require the state to pay facilities up to half of the money owed for uncompensated care for residents whose Medicaid applications remain mired in limbo after three months.

State News for December 2014

State News for December 2014

FLORIDA - A nursing home building boom may be on the horizon following the end of a 12-year moratorium.

State news for November 2014

State news for November 2014

MISSISSIPPI — Postal inspectors allege nursing home employees here and in California may have unwittingly referred families and residents seeking help with Medicaid and veterans' benefits to an individual who allegedly filed troublesome paperwork and defrauded others of hundreds of thousands of dollars in what they described as a sophisticated Ponzi scheme.