Net Health to Acquire Rehab Software Provider Optima Healthcare Solutions

Outpatient software provider Net Health on Tuesday announced a plan to acquire Optima Healthcare Solutions, expanding its presence into the post-acute marketplace. The Pittsburgh-based Net Health — which offers software platforms for about 3,000 urgent care, physical therapy, and other outpatient clinics across the country — positioned the move as a strategic push to extend […]

ManorCare CEO Exits Amid Restructuring

HCR ManorCare President and CEO Paul Ormond has left his position as the skilled nursing provider continues to work through a potential restructuring with its landlord, real estate investment trust Quality Care Properties, Inc. (NYSE: QCP). The Bethesda, Md.-based REIT first announced Ormond’s departure from HCR ManorCare on Monday; he has already been replaced by […]

Nursing Care M&A Volume Trends Downward in Q2

The total dollar value of nursing care properties that changed hands in the second quarter of 2017 fell slightly from previous quarters, according to preliminary data from the National Investment Center for Seniors Housing & Care (NIC). In total, $1.4 billion worth of senior care mergers and acquisitions occurred in the second quarter — with senior […]