News

Philips is Spearheading Senior Care's Newest Tech Hub

em>July 16, 2015, Jason Oliva, Senior Housing News - Multinational tech giant Philips is at the center of a new research hub that aims to develop services and solutions focused senior care technology. And the company has enlisted a slew of collaborators, including in senior living, to further…

CMS: Fraud Prevention System Saves $820M in Improper Medicare Payments

July 15, 2015, Emily Mongan, McKnights - The Centers for Medicare & Medicaid Services Fraud Prevention System identified or prevented $820 million in improper payments…

Senior Housing M&A Deals On Pace for Record Year

July 15, 2015, Elizabeth Ecker, Senior Housing News - The number of senior housing transactions to date in 2015 is on pace to make this year a record one, following several years of major merger and acquisition volume and record…

Granite Acquires Five Skilled Nursing Facilities in South Texas for $90.1M

July 15, 2015, Seniors Housing Business - Granite Investment Group has acquired five skilled nursing facilities in South Texas via two separate off-market transactions for a total of $90.1 million. Totaling 684 beds, the five properties, which were not identified, are leased on a long-term triple…

Senators Request GAO Report on Medicaid Oversight of Care in Assisted Living Facilities

July 14, 2015, Holly Petrovich, McKnights - A bipartisan group of U.S. senators sent a letter to the Government Accountability Office requesting a report on Medicaid oversight and quality of care in…

Obama Administration Moves to Strengthen Nursing Home Oversight

July 13, 2015, Virgil Dickson, Modern Healthcare - The CMS is proposing rules aimed at dramatically improving the quality of care Medicaid and Medicare beneficiaries are receiving in nursing homes. An estimated 1.5 million beneficiaries are receiving treatment at more than 15,000 long-term…

CMS Proposed Rules to Revamp Nursing Home Care, Trim Costs

July 13, 2015, Kaiser Health News, Healthcare Finance - After nearly 30 years, the Obama administration…

Bundled Payments for Hip, Knee Replacements Would Put Pressure on SNFs

July 12, 2015, Emily Mongan, McKnights - The Centers for Medicare & Medicaid Services plan to test bundled payments for hip and knee replacements could spell trouble for skilled nursing facilities, experts warn. The proposed…

LTC Nursing Organizations Merge to Develop Unified Certification, Lobbying

July 9, 2015, Emily Mongan, McKnights - The American Association of Nurse Assessment Coordination has purchased assets of the American Association of Long Term Care…

ABHOW, be.group to Merge, Forming Largest Seniors Housing Nonprofit in California



July 8, 2015, Seniors Housing Business - Two California-based, nonprofit seniors housing owner/operators have announced plans to merge, creating the largest nonprofit seniors housing provider in California, according to the two companies. Pleasanton-based American Baptist Homes…