June 10, 1989 |
The nation's largest nursing home chain, Beverly Enterprises, on Friday agreed to sell its sizable Arkansas and Iowa operations to an Amarillo, Tex., partnership. Beverly said proceeds from the sale of 80 nursing homes and four retirement villas to Ventana Investments would be used to reduce its $938-million debt. The price wasn't disclosed. During the past 18 months, Pasadena-based Beverly has sold operations in Massachusetts, North Dakota, Nevada, New Hampshire, Oklahoma and Vermont as part of a plan to shrink the size of the company and lower its debt.
CALIFORNIA | LOCAL
September 28, 1997 |
The court-appointed manager of a bankrupt Reseda nursing home that abruptly evicted its 63 residents Friday night had failed in last-minute negotiations to sell the facility and contends that there was not enough cash to run it even one more day, authorities said Saturday. Two other nursing homes owned by the Scottsdale, Ariz.-based Phoenix Health Group, in Alta Loma and Long Beach, could face closures this week, depending on the outcome of a Monday morning hearing in U.S.
June 6, 1999
"Seeking a Remedy for Nursing Homes' Ills" (May 28) did an outstanding job in revealing the need for nursing home reform. At one time, nursing homes were adequately staffed and care was given to patients. However, since the industry became big business, caring for the "bottom line" is more important than caring for the patient's "bottom." This must stop, and the best way is to urge state legislators to pass AB 1160, the Nursing Home Reform Act, when it comes to the floor for a vote.
CALIFORNIA | LOCAL
January 19, 2009 |
Los Angeles County supervisors have asked state officials to compel California nursing homes to prominently post their new federal star ratings, much in the way restaurants display letter grades. But the proposal faces opposition from patient advocates and nursing home officials who fault the five-star ratings system that went into effect last month, saying it overlooks significant violations and sometimes penalizes well-run nursing homes.
January 10, 2011 |
Nursing homes are shutting down across the country – but not in a uniform pattern that spreads the burden evenly across all sectors of society, according to a new report. Researchers from Brown University in Providence, R.I., and Drexel University in Philadelphia examined government data on nursing home closures in the U.S. between 1999 and 2008. During that decade, 2,902 nursing homes went out of business, eliminating 184,264 beds. Though new facilities made 87,362 additional beds available in that period, the net loss of 96,902 amounted to a 5% reduction in total supply.