Advertisement
YOU ARE HERE: LAT HomeCollectionsVencor Inc
IN THE NEWS

Vencor Inc

FEATURED ARTICLES
BUSINESS
April 26, 1995
Vencor to Buy Hillhaven: Tacoma, Wash.-based Hillhaven Corp. said it agreed to be acquired by Vencor Inc., a Louisville, Ky.-based provider of long-term hospital care that is about a third its size, in a stock swap valued at about $1.4 billion. The agreement comes after Hillhaven, the nation's second-largest operator of nursing homes, last month rejected a bid from rival Horizon Healthcare Corp. That prompted Hillhaven's largest shareholder, Tenet Healthcare Corp.
ARTICLES BY DATE
BUSINESS
September 14, 1999 | Associated Press
Vencor Inc., a nursing home and hospital operator that has been mired in debt and dogged by allegations of Medicare fraud during the last year, filed for Chapter 11 bankruptcy protection in Delaware. Vencor and several other large nursing-home providers have been facing financial problems since the federal government changed its Medicare payment system. Louisville, Ky.-based Vencor is the first large long-term-care provider to file for bankruptcy protection.
Advertisement
BUSINESS
September 19, 1995 | Times Staff and Wire Reports
Hillhaven Workers Strike Nursing Homes: The company said workers staged a one-day strike at nine California nursing homes, including one in Claremont in Southern California, seeking higher wages and accusing the company of inadequate staffing. Tacoma, Wash.-based Hillhaven Corp. hired replacement workers and said patient services were not affected by the strike.
CALIFORNIA | LOCAL
July 9, 1997 | GREG RIPPEE, SPECIAL TO THE TIMES
The prospective buyer of Thompson Memorial Medical Center plans to hire an estimated 250 employees after taking over the Burbank facility later this summer, a company official said Tuesday. Vencor Inc., which owns a Los Angeles hospital and seven others in California, has agreed to purchase Thompson Memorial and plans to offer long-term acute care there, senior vice president Steve Turner said. The purchase price was not revealed.
BUSINESS
February 8, 1994 | James M. Gomez, Times staff writer
Candle Subacute Services Inc., a privately owned company in Irvine, has become a member of the merger mania club. Employees at the small health care contractor will now be getting their paychecks from Vencor Inc., a $212-million, Kentucky-based owner and operator of hospitals and nursing care facilities for the the chronically ill. Vencor, which specializes in treating patients who need long-term life support, bought Candle Subacute Services for an undisclosed sum.
BUSINESS
September 14, 1999 | Associated Press
Vencor Inc., a nursing home and hospital operator that has been mired in debt and dogged by allegations of Medicare fraud during the last year, filed for Chapter 11 bankruptcy protection in Delaware. Vencor and several other large nursing-home providers have been facing financial problems since the federal government changed its Medicare payment system. Louisville, Ky.-based Vencor is the first large long-term-care provider to file for bankruptcy protection.
CALIFORNIA | LOCAL
July 9, 1997 | GREG RIPPEE, SPECIAL TO THE TIMES
The prospective buyer of Thompson Memorial Medical Center plans to hire an estimated 250 employees after taking over the Burbank facility later this summer, a company official said Tuesday. Vencor Inc., which owns a Los Angeles hospital and seven others in California, has agreed to purchase Thompson Memorial and plans to offer long-term acute care there, senior vice president Steve Turner said. The purchase price was not revealed.
BUSINESS
June 10, 1997 | Dow Jones
Comprehensive Care Corp. said Monday it has sold its 128-bed hospital in Cincinnati to Vencor Inc. for $3 million. Comprehensive Care said it will use the proceeds for working capital to support recent contract awards. The company said the move to sell the hospital is consistent with its strategy to focus resources on its rapidly growing managed-care business. Comprehensive Care, based in Corona del Mar, said it continues to search for buyers for its remaining hospital in Texas.
BUSINESS
May 8, 1997
Samuel Zell, the billionaire who built a real estate empire, plans to sell a stake in his Equity Office Properties Trust, a real estate investment trust expected to be the largest U.S. office properties owner, to the public in an initial public offering worth $300 million, according to an SEC filing. . . . Convalescent home operator Vencor Inc. raised its offer for Las Vegas-based Transitional Hospitals Corp.
BUSINESS
September 19, 1995 | Times Staff and Wire Reports
Hillhaven Workers Strike Nursing Homes: The company said workers staged a one-day strike at nine California nursing homes, including one in Claremont in Southern California, seeking higher wages and accusing the company of inadequate staffing. Tacoma, Wash.-based Hillhaven Corp. hired replacement workers and said patient services were not affected by the strike.
BUSINESS
April 26, 1995
Vencor to Buy Hillhaven: Tacoma, Wash.-based Hillhaven Corp. said it agreed to be acquired by Vencor Inc., a Louisville, Ky.-based provider of long-term hospital care that is about a third its size, in a stock swap valued at about $1.4 billion. The agreement comes after Hillhaven, the nation's second-largest operator of nursing homes, last month rejected a bid from rival Horizon Healthcare Corp. That prompted Hillhaven's largest shareholder, Tenet Healthcare Corp.
BUSINESS
February 8, 1994 | James M. Gomez, Times staff writer
Candle Subacute Services Inc., a privately owned company in Irvine, has become a member of the merger mania club. Employees at the small health care contractor will now be getting their paychecks from Vencor Inc., a $212-million, Kentucky-based owner and operator of hospitals and nursing care facilities for the the chronically ill. Vencor, which specializes in treating patients who need long-term life support, bought Candle Subacute Services for an undisclosed sum.
Los Angeles Times Articles
|