LaVie Care Centers, which filed for Chapter 11 bankruptcy with nearly $1.2 billion in debt this week, is also at the center of a lawsuit that claims the company shifted ownership of some of its facilities in Florida to avoid payment on previous dispute settlements. The Atlanta-based company denies these claims, and its court filing […]
Omega Health Care Investors
LaVie Care Centers, operator of 43 skilled nursing and assisted living facilities, filed for Chapter 11 bankruptcy on Sunday. Intending to facilitate an efficient financial restructuring plan with minimal disruption to its operations, LaVie filed voluntary petitions for relief under Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Georgia. Despite the […]
Omega Healthcare Investors, Inc. (NYSE: OHI) reported a successful first quarter with $75 million in new investments, including real estate loans, acquisitions, and capital projects. Despite industry challenges such as the recently announced minimum staffing rule, CEO Taylor Pickett said he is satisfied with the company’s performance, citing higher interest income, improved operational metrics and […]
A legal settlement reached by Omega Healthcare Investors Inc. (NYSE: OHI), if finalized, will change some of the real estate investment trust’s corporate governance policies and practices related to diversity, equity, inclusion and belonging, the company announced Monday. Omega’s insurance company will also pay $850,000 in attorney fees and expenses, while a court hearing scheduled […]
As Omega Healthcare Investors Inc. (NYSE: OHI) advanced on its restructuring efforts at 2023’s end, company executives said that they were finally able to have a better grasp on their outlook for 2024. And, while the company’s current fundamentals were looking strong, the looming federal staffing mandate might obscure the path forward for the sector […]
As the Covid-19 public health emergency officially ended in 2023, the nursing home sector continued to face lingering troubles across many facets of the business even if spread of disease – and death resulting from it – diminished as a concern. Chief among troubles that continued to plague nursing homes included workforce shortages and expansion […]
Omega Healthcare Investors (NYSE: OHI) has sold 29 LaVie facilities for gross proceeds of $305 million. This Nov. 1, 2023, sale marked a substantial reduction in Omega’s exposure to LaVie assets, decreasing associated risk, CEO Taylor Pickett said Friday during the company’s Q3 2023 earnings call. Also on the call, leaders with Omega commented on […]
Chicago-based Huron Consulting, which traditionally has ties to the health care world via hospital systems, has cultivated a small team to zero in on attracting clients from the skilled nursing and long-term care industry. Hand-picked talent and a concerted effort to dismantle the silos in health care set the group apart from other firms that […]
The Texas Legislature failed to pass two bills that would have provided Medicaid reimbursement relief for skilled nursing providers before the end of its most recent session. That could spell trouble for providers in the Lone Star State, which already has a notably low Medicaid reimbursement rate, according to Kevin Warren, president and CEO of […]
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