Formation Capital and Safanad Limited acquire 14 SNFS
Formation Capital and Safanad Limited have bought 14 skilled nursing facilities for around $150 million.
Pennsylvania
Nursing home faces liability for hundreds of workers required to go through pre-employment medical screening, federal judge rules
A Pennsylvania skilled nursing provider cannot escape liability for hiring hundreds of workers after illegal medical screenings, a federal judge recently ruled.
HJ Sims adds Jim Bodine as investment EVP
HJ Sims has announced the addition of a new location in Philadelphia, and the appointment of Jim Bodine as executive vice president of the firm’s investment banking team in senior living.
Nursing facilities picking up the pieces after Hurricane Sandy’s wrath
Several facilities on the East Coast have lost power and the use of back-up generators
A Medicaid conundrum
The U.S. Supreme Court’s recent ruling on health care reform brings to mind Apollo 13 astronaut John Swigert’s understated line: “Houston, we have a problem.”
Two courts find Medicare skilled nursing, home care rules too strict
Federal courts in Pennsylvania and Vermont have ruled that the Obama administration’s Medicare standards are too stringent when it comes to deciding if a patient is eligible for skilled nursing home care or home health.
