Posted by Jason Greis on September 23, 2009 under Industry News | 
Houston-based Triumph HealthCare, the nation’s third largest provider of LTACH services, announced September 15 that it would acquire St. Agnes Long Term Care Hospital from Mercy Health System. The 58-bed LTACH hospital is located in the former St. Agnes Medical Center in South Philadelphia. The deal, which is expected to close by mid December, will increase Triumph’s hospital count to twenty-one and will be Triumph’s second LTACH in Pennsylvania. Triumph has entered into a long-term lease arrangement with St. Agnes, and future plans for the Hospital-within-Hospital facility call for the conversion of ten existing beds to a licensed ICU and an expansion of onsite procedures. Read More...
Posted by Jason Greis on September 20, 2009 under Industry News |
On September 9, 2009, Select Medical Holdings Corporation (“Select”), the parent of Select Medical Corporation, which operates 87 LTACHs and various other post-acutes, announced the launch of its initial public offering of 33,333,333 shares of Select common stock. The IPO price is expected to be between $11 and $13 per share. Goldman, Sachs, Morgan Stanley, Merrill Lynch, Pierce, Fenner & Smith and J.P. Morgan Securities are serving as the offering’s joint bookrunners. Select has applied to have its common stock approved for quotation on the NYSE under the symbol “SEM.” Select intends to use net proceeds from the offering to repay indebtedness, to make payments to executive officers under Select’s Long Term Cash Incentive Plan and for general corporate purposes. Read More...
Tags: Goldman Sachs, greisguide, greisguidetoltachs, initial public offering, IPO, J.P. Morgan Securities, jason greis, ltac, LTACH, LTCH, Merrill Lynch Pierce Fenner & Smith, Morgan Stanley, NYSE, ortenzio, Select Medical
Posted by Jason Greis on July 31, 2009 under Industry News |
On May 4, 2009 a press release was issued announcing a LTACH joint venture between LHC Group and Ochsner Health System. The LTACH venture is in addition to the February 1, 2009, home health venture between LHC Group and Ochsner. This joint venture includes an LHC Group purchase of 75% and an Ochsner purchase of 25% of a LTACH located in Kenner, Louisiana. Net revenue for the LTACH during the most recent 12 months was approximately $5.6 million. Read More...
Tags: greisguide, greisguidetoltachs, hospital, joint venture, kenner, lhc, louisiana, ltac, LTACH, LTCH, non-profit, Ochsner Health System
Posted by Jason Greis on July 26, 2009 under Articles, Events, Industry News |
From Hospital to Home: Paying for the Next Evolution of Post-Acute and Senior Care Read More...
Tags: alan sauber, ALF, altha, Association for Home & Hospice Care of North Carolina, barton walker, BB&T Capital Markets, bobbie kale, brent rawlings, bryan cressey, CCRC, christopher taylor, conference, Creative Health Capital, cressey and company, daniel brown, Deerfield Episcopal Retirement Community, dixon hughes, greisguide, greisguidetoltachs, harold nunn, hha, hospice, hospital, irf, j. brian jackson, jason greis, john franklin, johnny tillett, kamal patel, keith seeloff, kevin dougherty, kissito post acute, lanier casler, Long Term Care, ltac, LTACH, LTCH, Madonna Rehabilitation Hospital, Marc Puntereri, mcgladrey capital markets, mcguirewoods, mike kelly, mona mohib, North Carolina Department of Health and Human Services, Paul Dongilli, perry aycock, post-acute, rehabcare group, retirement dynamics, richard todd, rim associates, robert chandler, Secretary, senior care, snf, The Cypress Group, tim roger, will mcpherson, william walters, ziegler capital markets
Posted by Jason Greis on July 14, 2009 under Articles, Industry News |
Section 114(b) of the Medicare, Medicaid and SCHIP Extension Act of 2007 (“MMSEA”) required the Secretary of Health and Human Services to conduct a study on the feasibility of establishing national LTACH facility and patient criteria for purposes of determining medical necessity, appropriateness of admission, and continued stay at, and discharge from, LTACHs. The Centers for Medicare and Medicaid Services (“CMS”) awarded a contract for this study to Research Triangle Institute International (“RTI”), which was previously awarded a contract in 2005 to evaluate the feasibility of developing patient and facility level characteristics for LTACHs that could distinguish LTACH patients from those treated in other acute care settings. RTI was scheduled to submit its most recent report required under the MMSEA to Congress by June 2009. According to an anonymous source within CMS, the agency is presently reviewing the report’s recommendations for legislation and administrative actions and CMS hopes to post the report on its website by the end of July 2009. Read More...
Tags: cms, greisguide, greisguidetoltachs, hospital, jason greis, ltac, LTACH, LTCH, Medicaid and SCHIP Extension Act, medicare, mmsea, post-acute, report, research triangle, RTI, study
Posted by Jason Greis on under Industry News |
RehabCare Group, Inc. (NYSE: RHB) announced June 30, 2009 that it had entered into an agreement to acquire certain assets from Gulf States LTAC of Dallas, formerly owned by Gulf States Health Services and a group of Dallas-area physicians. Financial terms of the agreement were not disclosed. Read More...
Tags: 8050 meadow road, dallas ltac hospital, dallas ltach, greisguide, greisguidetoltachs, gulf states, hospital, jason greis, john short, joint venture, ltac, LTACH, LTCH, rehabcare
Loading ...
GreisGuide News Feed