To control private equity, legal experts suggest government sharpen existing tools
By
Kimberly Marselas
Mar 25, 2022
While the Biden administration is targeting private equity firms that invest in nursing homes for reforms, two attorneys well-versed in fraud argue that existing mechanisms could deter private equity from...
PointClickCare prepares to go public
Sep 09, 2015
PointClickCare has filed a registration statement with the Securities and Exchange Commission and preliminary prospectus with regulatory authorities in Canada.
Broker admits using nursing home residents as pawns in annuities scheme, agrees to $850,000 settlement
By
Tim Mullaney
Aug 04, 2014
The mastermind of a financial fraud that victimized nursing home residents has admitted wrongdoing and will pay $850,000 in a settlement, the Securities and Exchange Commission announced Thursday.
Hospitalist company with long-term care presence faces federal charges of upcoding
By
Tim Mullaney
Jun 18, 2014
A hospitalist company that works with thousands of post-acute care facilities is officially facing federal charges that its clinicians routinely overbilled Medicare and Medicaid, authorities announced...
Supreme Court to hear case sparked by Omnicare deals
By
Julie Williamson
Apr 01, 2014
A recent $4 million legal settlement over kickbacks for anemia drug Aranesp is small change compared to other recent deals Omnicare has made with federal authorities. News of these payouts hasn’t...
Brokers stole dying nursing home residents’ identities to carry out a lucrative fraud, SEC charges
By
Tim Mullaney
Mar 14, 2014
Two investment brokers and their associates are facing charges that they stole nursing home residents’ personal information to perpetrate annuities fraud, the U.S. Securities and Exchange Commission...
Sunrise reaches settlement with SEC, no civil penalties imposed
Jul 26, 2010
Sunrise Senior Living Inc., which has been under investigation for problematic accounting practices, has reached a settlement with the Securities and Exchange Commission.