July 3, 2007 |
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.
January 26, 2012 |
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.
February 24, 2012 |
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.
November 10, 2006 |
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.
January 4, 2012 |
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.
June 7, 2006 |
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.