Market News
MedTrainer, an award-winning provider of training, compliance and credentialing software, has updated its platform to help long-term care facilities more easily meet safety and quality compliance requirements from the Centers for Medicare and Medicaid Services. The platform now includes tools to conduct infection prevention risk assessments and online training for emergency preparedness; ensuring a safe…
Change Healthcare has beefed up its claim attachments solution, creating the first nationwide solution enabling providers to submit documents and data electronically to all payers in both the medical and workers’ compensation market segments. Built on Change Healthcare’s Intelligent Healthcare Platform, the claim attachments solution lets providers submit documents or clinical data required for claim…
The nation’s leading provider of behavioral telehealth services for skilled nursing, post-acute and long-term care facilities is increasing access to behavioral telehealth services through its first-of-a-kind online platform. MediTelecare’s new MediTelecareGo! gives partner facilities easier access to psychiatrists, psychologists and nurse practitioners through an online application, televideo workstations on wheels, and a rich library of…
A team of certified crisis communications specialists has developed the first solution crisis communications solution for senior housing and services. “A perfect storm is brewing in the senior housing industry,” said Debra Sheridan, president of 30-year-old IVY Marketing Group and creator of the new ResponderHub. “Seventy-five percent of crises in senior housing are smoldering and could…
Cambridge Realty Capital Companies has provided two HUD Lean loans totaling $24 million to refinance The Vista Care Center of Lisbon, OH, and Vista Center at The Ridge of Mineral Ridge, OH. The Vista Care Center of Lisbon is a 76-bed mixed-use skilled care and assisted living facility. The Ridge Care Center of Mineral Ridge…
Healthcare credential verification organization CredSimple has acquired a technology-enabled provider network management solutions company to expand its capabilities. Glenridge Health will add comprehensive provider network development and management services to CredSimple’s services, moving the company toward a one-stop shop offering for analyzing, building and managing networks. CredSimple is combining its National Committee for Quality Assurance-certified…
Software vendor PointClickCare has opened its fourth Canadian office, this one on Prince Edward Island. The expansion will allow the company to expand its customer support team, which works with more than 21,000 senior care providers throughout North America. The Prince Edward Island office is expected to add about a dozen new customer support positions…
Kaivac’s new UniVac is a smaller, more versatile version of the company’s award-winning Dispense-and-Vac cleaning system. Built for cleaning floors in restrooms, commercial kitchens, entrance ways, gyms and other areas, the mop-free UniVac features a specially developed filtering and recycling system. The system allows cleaning solutions to be reused without reducing cleaning power. The recycling…
The Zibrio SmartScale now works with the Balance Coach app to provide balance measurements and provide improvement tips. The Consumer Technology Association named the SmartScale an Innovation Awards Honoree at the 2020 Consumer Electronics Show. The project was born out of the U.S. space program and uses machine learning to discover patterns of stability and…
Your final chance to nominate a difference-maker for the 2020 McKnight’s Women of Distinction awards is just hours away. An extended application period closes at midnight ET tonight. Women of Distinction honors female leaders in long-term care and senior housing leadership roles. Award winners will have influenced resident care, inspired colleagues and helped improve the…
Ignite Medical Resorts is now managing operations at three Oklahoma transitional care facilities in a new collaboration with Sabra Health Care REIT. Ignite assumed management of the combined 221 licensed beds in Bartlesville, Norman and Oklahoma City, OK, effective Jan. 1. The company, quickly building a reputation as a luxury rehabilitation provider, is also pursuing…
Lead to Conversion has created a new division specifically aimed at helping senior care companies with their website building, search engine optimization and other marketing tasks. Lead to Conversion Senior Living will offer clients the latest in machine learning and search engine algorithm knowledge, ensuring that their brands and facilities land in the right Google…
BMO Harris Bank’s Healthcare Real Estate Finance group recently closed a $59.4 million deal that enabled Pearson Street Partners LLC to finance the acquisition of The Clare in Chicago. Pearson is a joint venture between LCS, parent company of Life Care Services, the nation’s second-largest senior living operator; and Senior Care Development, LLC. The Clare…
Vayyar Imaging, a global leader in 4D imaging technology, is positioning its new Vayyar HOME as a pendant-free monitoring solution for facilities and home caregivers. The technology requires no wearables or buttons and works without the use of any camera. Vayyar HOME detects falls and can call for help in an emergency. Added features include…
Builders FirstSource has purchased the assets of Charlotte-based Bianchi & Company, a major supplier of millwork to senior living facilities. Bianchi is a major millwork supplier and installer in the Carolina markets, supplying new interior trim packages and hardware. Its products include interior and exterior doors, crown moldings, stair rail, chair rail, wainscoting and custom…
MidCap Financial, a commercial finance company focused on middle market transactions, recently closed a transaction with post-acute healthcare provider Avalon Health Care Group. The $33 million floating rate first mortgage loan facilitated the acquisition of a lease purchase option of a five-property skilled nursing portfolio located in Oregon. In addition to providing the capital to…
Tarkett, already a leader in innovative floor coverings, has launched its new Lino Collection that includes both LinoFloor and LinoWall products. Made of a natural, versatile and sustainable linoleum, LinoWall opens up coordinated design possibilities, connecting color and texture on every plane of design. The collection includes Tarkett’s xf2 surface treatment for added durability and…
The new Neofect Smart Balance uses augmented reality to help patients recovering from stroke, ambulatory injuries or other lower body disabilities regain function in their legs. The lower-body rehabilitation device was honored with an Innovation Award at the 2020 Consumer Electronic Show Innovation Award. Smart Balance aims to turn what can be a monotonous process…
Cambridge Realty Capital Companies has provided two HUD Lean loans totaling $24 million to refinance The Vista Care Center of Lisbon, OH, and Vista Center at The Ridge of Mineral Ridge, OH. The Vista Care Center of Lisbon is a 76-bed mixed-use skilled care and assisted living facility. The Ridge Care Center of Mineral Ridge…
Medline has formed a new group-purchasing partnership with Link-age Solutions, an organization whose members serve all sectors of post-acute care, including skilled nursing, assisted living and memory care. Through the partnership, members will receive negotiated pricing on more than 550,000 medical supplies. “We have a unique group of members who are all navigating different regulations…
