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 January 6, 2009 under Articles |
Two of my McGuireWoods colleagues wrote the below Client Alert discussing the IRS’s continued focus on non-profit executive compensation. Tax-exempt 501(c)(3) LTACHs should carefully follow both the legislative actions of Senate Finance Committee members Senators Charles Grassley and Senator Max Baucus, both of whom support and have promised significant changes to the way non-profit hospitals are organized and managed. Senator Grassley and his staff released the attached document entitled “Tax-Exempt Hospitals: Discussion Draft” on June 20, 2007, which is probably instructive regarding the type of far-reaching legislation Senator Grassley is likely to propose at some point in 2009. Read More...
Tags: 4958, 501(c)(3), disqualified person, excess benefit transaction, excise tax, executive compensation, greisguide, GreisGuide to LTACHs, hospital, internal revenue service, irs, ltac, LTACH, LTCH, non-profit, not-for-profit, reasonableness, rebuttable presumption, tax exempt
Loading ...
GreisGuide News Feed