The Chinese firm Zhonghong Zhuoye Group Co Ltd is no longer in talks to buy Brookdale Senior Living (NYSE: BKD), according to Bloomberg. Zhonghong Zhuoye Group Co Ltd, a Beijing-based real estate and leisure firm, was, at one time, prepared to buy Brookdale for $20 per share, but the deal stalled, and has now finally faltered. Negotiations […]
An activist shareholder is once again pressuring one of the country’s largest home health providers to act—this time, it says, in the interest of heightened transparency. Specifically, Stamford, Connecticut-based Land & Buildings Investment Management LLC on Monday urged Brookdale Senior Living (NYSE: BKD) to provide more visibility into its ongoing strategic review process, especially “given the duration […]
Brookdale Senior Living’s (NYSE: BKD) Labeed S. Diab will resign as the company’s chief operating officer effective October 28, according to a Monday press release. In addition to announcing the resignation, Brookdale is projecting lost revenue from the impact of Hurricanes Harvey and Irma, specifically to its home health business line in Florida. Diab joined Brookdale in November 2015 […]
A telehealth startup that helps patients with palliative care and advance care planning is expanding after raising $5.1 million. Palliative care is a type of care focused on lessening the symptoms and stress caused by a serious illness. Austin, Texas-based Iris Plans uses videoconferencing technology to connect people facing serious illnesses with trained facilitators who provide disease-specific education, […]
Happy Monday, Home Health Care News readers. Hopefully you are taking advantage of the last couple weekends of summer like we are. Take a moment to catch up on all things home care and home health with our Monday briefing. And keep reading to find out the latest in the Diablo the tortoise chronicle. Here’s […]
For Brookdale Senior Living (NYSE: BKD), home health may soon be a game-changer. The Brentwood, Tennessee-based senior living provider held its second-quarter 2017 earnings call on Tuesday, the day after a report surfaced that its potential acquisition by Beijing-based real estate and leisure firm Zhonghong Zhuoye Group Co Ltd had been put on hold. The […]
The buyout of one of the nation’s largest home health care providers by a Beijing-based real estate and leisure firm has reportedly been put on hold, according to the Financial Times. Brentwood, Tennessee-based senior living provider Brookdale Senior Living (NYSE: BKD) could be sold for as much as $4 billion, although analysts have long speculated on […]
The nation’s largest senior living provider and one of the biggest home health care providers, Brookdale Senior Living (NYSE: BKD), is off the hook in a $35 million lawsuit, a federal judge rule on June 22. The dismissal marks the end of a whistleblower case brought by former Brookdale employee Marjorie Prather, who was originally hired to review […]
MatrixCare Acquires EHR Vendor SigmaCare MatrixCare, a long-term care software services provider, has acquired SigmaCare, an electronic health record (EHR) technology vendor for the long-term post-acute care market. MatrixCare also provides EHR software. Its customer base includes about 12,000 facility-based care settings and more than 2,000 home care agency offices throughout the U.S. SigmaCare customers will immediately be […]
Welcome back from another weekend, Home Health Care Readers. Catch up on all things home health and home care with our Monday Jump Start—I know you don’t want to miss our latest news about Brookdale’s potential buyout! Brookdale Senior Living (NYSE: BKD) reportedly received a takeover bid for $3 billion from Chinese real estate and […]
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