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BUSINESS
August 8, 2006 | From Reuters
AmerisourceBergen Corp. and Kindred Healthcare Inc. said they had agreed to form a new public company, combining their pharmacy units that serve mostly nursing homes. The deal sent AmerisourceBergen's shares up 46 cents to $43.18, while Kindred's shares rose $1.94 to $30.94. The new company would be the second-biggest player in the institutional pharmacy market, after leader Omnicare Inc., and it seeks to use its bulk to benefit from the new prescription drug benefits under Medicare.
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BUSINESS
August 8, 2006 | From Reuters
AmerisourceBergen Corp. and Kindred Healthcare Inc. said they had agreed to form a new public company, combining their pharmacy units that serve mostly nursing homes. The deal sent AmerisourceBergen's shares up 46 cents to $43.18, while Kindred's shares rose $1.94 to $30.94. The new company would be the second-biggest player in the institutional pharmacy market, after leader Omnicare Inc., and it seeks to use its bulk to benefit from the new prescription drug benefits under Medicare.
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BUSINESS
May 18, 2001
Health Care Property Investors Inc., a Newport Beach real estate investment trust, said Thursday that it has renewed its leases of 22 nursing centers to a Louisville long-term care provider for an additional $3.3 million in annual rent. Kindred Healthcare Inc. will pay a total of $16.1 million a year under the new leases, which run for 10 years and carry three five-year renewal periods. The increase was anticipated in Kindred's plan of reorganization, which was approved by the U.S.
BUSINESS
January 26, 2012 | By Richard Verrier, Los Angeles Times
Three years after a controversial decision to close Hollywood's best-known nursing home, the Motion Picture & Television Fund has reversed course and said it would immediately begin admitting new residents to the historic Woodland Hills facility. The decision marks a victory for residents and their families who waged a highly public campaign to fight the fund's decision in January 2009 to close the facility, known as the Motion Picture Home, and an adjoining hospital. It also revives a time-honored charity — created in 1921 by United Artists studio founders Charlie Chaplin, Mary Pickford, Douglas Fairbanks, D.W. Griffith and others — that has been home to Hollywood luminaries such as actors Johnny Weismuller and Hattie McDaniel and film director Stanley Kramer, whose credits include "High Noon.
BUSINESS
July 3, 2007 | From Reuters
Manor Care Inc., the largest U.S. owner of nursing homes, said Monday that it had agreed to be acquired by Carlyle Group for $4.9 billion, making it the latest healthcare provider taken off the public market by a private equity buyer. Manor Care shareholders will receive $67 a share, a 20% premium over the stock's closing price April 10, the day before the company said it was putting itself up for sale, and a 2.6% premium over Friday's close.
BUSINESS
January 4, 2012 | By Richard Verrier, Los Angeles Times
A plan to help secure the future of Hollywood's most famous nursing home has been stalled by gridlock in Washington. After months of negotiations, the board of the Motion Picture & Television Fund is close to finalizing a deal with Kindred Healthcare Inc. of Louisville, Ky., to invest in long-term acute-care services at the Woodland Hills complex that includes the nursing home. Under the proposed agreement, Kindred would invest $10 million to remodel an existing hospital building and would lease hospital and rehabilitation beds from the fund.
BUSINESS
November 10, 2006 | Daniel Yi, Times Staff Writer
Erin Brockovich built a career as a celebrity crusader for weighty causes. But this time she was wrong for the role, according to a federal judge in Santa Ana. U.S. District Judge David O. Carter has dismissed several lawsuits that Brockovich filed this summer on behalf of Medicare.
BUSINESS
February 24, 2012 | By Richard Verrier, Los Angeles Times
The Motion Picture & Television Fund has launched a Hollywood fundraising campaign to generate $350 million in support for the charity and its nursing home that was once slated to close. On Thursday the fund announced that DreamWorks Animation Chief Executive Jeffrey Katzenberg had already helped secure more than $200 million in pledges and donations that include his own contribution and those of Tom Cruise, Steven Spielberg, Steve Bing, Casey Wasserman and George Clooney. Katzenberg and Clooney are spearheading the campaign efforts.
CALIFORNIA | LOCAL
February 18, 2004 | Gregory W. Griggs, Times Staff Writer
The family of a Camarillo woman who died last year after 79 days at an Oxnard nursing home accepted a $1-million settlement this week in its wrongful death civil suit against the facility. Mary Shofner, 75, was a colon cancer survivor and suffered from dementia but was otherwise in good health, her granddaughter, Jenifer Stoltz, said.
BUSINESS
June 7, 2006 | Daniel Yi, Times Staff Writer
Erin Brockovich has a famous name, Hollywood good looks, an agent and a new cause: Medicare. The onetime legal assistant, whose environmental crusade against a utility company inspired a hit movie starring Julia Roberts, has lent her name as plaintiff in lawsuits against several California hospitals and convalescent homes. The suits allege the facilities pocketed millions of taxpayer dollars while covering up their own mistakes.
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