Select Medical Corporation and Encore GC Acquisition LLC will pay $8.4 million to settle federal allegations in violation of the False Claims Act, the Department of Justice announced Friday. Pennsylvania based Select Medical Rehabilitation Services Inc. contracted with 12 SNFs in New York and New Jersey between January 2010 and March 2016 to provide rehabilitation […]
Select Medical
CareTrust REIT Inc. (Nasdaq: CTRE) acquired the 118-bed Lakewest Rehabilitation & Skilled Care skilled nursing facility in Dallas, for an initial investment of $10 million, inclusive of transaction costs. The San Clemente, Calif.-based real estate investment trust (REIT) leased the property to Texas SNF operator Next Gen P, LLC, with initial annual cash rent set […]
New research takes aim at the long-term care hospital (LTCH), suggesting that the federal government could save billions if it paid those providers the same way as skilled nursing facilities — or just replaced them with SNFs altogether. “We find that most LTCH patients would have counterfactually received care at skilled nursing facilities … and […]
Subscribe
Receive industry updates and breaking news from SNN.