Posted by Jason Greis on February 13, 2011 under Articles, Industry News | 
On February 8, 2011, Kindred Healthcare, Inc. (“Kindred”) and RehabCare Group, Inc. (“RehabCare”) jointly announced the signing of a definitive merger agreement under which Kindred will acquire RehabCare for an estimated $35 per share, which includes $26 per share in cash and 0.471 shares of Kindred common stock. The transaction was unanimously approved by the Boards of both Kindred and RehabCare and is expected to close at the end of the second quarter, pending approval from the shareholders of both companies and receipt of antitrust approval. Read More...
Tags: accretive, acquisition, analyst, bundled payment, greisguide, inpatient rehabilitation, irf, jason greis, john short, kindred, long term care hospital, ltac, LTACH, LTCH, mcguirewoods, merger, paul diaz, pay for performance, post-acute, rehabcare, skilled nursing, triumph
Posted by Jason Greis on August 3, 2010 under Articles |
The Centers for Medicare & Medicaid Services (“CMS”) has recently released various notices and final rules updating 2011 Medicare payment rates for post-acute care providers, including long-term acute care hospitals (“LTACHs”), inpatient rehabilitation facilities (“IRFs”), skilled nursing facilities (“SNFs”), home health agencies (“HHAs”) and hospices. These Medicare rate updates generally implement negative payment adjustments mandated by the Patient Protection and Affordable Care Act (Pub. L. No. 111-148), as amended by the Health Care and Education Reconciliation Act of 2010 (Pub. L. No. 111-152) (together, “PPACA”). Yet in spite of these adjustments, SNFs, hospices, IRFs and LTACH have fared relatively well with collective Medicare payment increases totaling $919 million, with HHAs offsetting these reimbursement gains by suffering a proposed $900 million Medicare reimbursement cut for calendar year 2011. Read More...
Tags: adjust, cms, cy 2011, greisguide, greisguidetoltachs, hha, home health, hospice, hospital, inpatient rehabilitation facility, irf, jason greis, long term acute care hospital, long term care hospital, ltac, LTACH, LTCH, market basket, marketbasket, mcguirewoods, medicare, ppaca, ry 2011, skilled nursing, snf, standard federal rate
Posted by Jason Greis on June 22, 2010 under Events, eNewsletter |
2010 North Carolina Healthcare Provider Conference and Post-Acute & Senior Care Conference Read More...
Tags: ALF, brent rawlings, brian jackson, CCRC, charlotte, conference, greisguide, greisguidetoltachs, health care, hha, home health, hospice, ilf, jason greis, long term acute care hospital, ltac, LTACH, LTCH, mcguirewoods, senior care, skilled nursing, snf
Posted by Jason Greis on under Events |
Post-Acute Care Investments:
Key Business, Deal Structure & Diligence Read More...
Tags: acquisition, amber walsh, diligence, greisguide, investment, jason greis, krist werling, long term acute care hospital, ltac, LTACH, LTCH, lw consulting, mcguirewoods, merger, michael megill, post-acute, private equity, skilled nursing, snf, victor moldovan
Posted by Jason Greis on March 23, 2010 under Articles |
Late last week the Illinois Supreme Court (the Court) issued its long-anticipated decision in the case of Provena Covenant Medical Center v. Illinois Department of Revenue (Provena). The Court’s opinion, delivered by Justice Karmeier, upheld the Illinois Department of Revenue (Revenue) Director Brian Hamer’s ruling that Provena Covenant Medical Center, located in Urbana, Ill. (PCMC), did not provide enough charity care services to justify the continuation of its charitable purpose property tax exemption. The Court’s opinion noted that PCMC’s parent company, Provena Hospitals, was the true property owner of PCMC, and that Provena Hospitals itself was not a charitable institution nor did it primarily serve charitable purposes. Furthermore, the Court held that PCMC provided only minimal levels of charity care thus the property was not being primarily used for charitable purposes. The Court’s decision will be problematic for not-for-profit hospitals, including LTACHs, because it leaves a key question unanswered—just how much charity must a hospital provide to justify an exemption? The decision is expected to encourage local taxing bodies to pursue efforts to remove tax exemptions of not-for-profit hospitals and other providers. Read More...
Tags: 501(c)(3), ALF, exemption, greisguide, greisguidetoltachs, hospital, illinois, jason greis, jeff clark, jim riley, joseph hylak-reinholtz, julie ann sullivan, korzen, long term acute care hospital, ltac, LTACH, LTCH, mcguirewoods, not-for-profit, property tax, provena, skilled nursing, snf
Posted by Jason Greis on September 17, 2009 under Articles |
I. Political Overview. Read More...
Tags: accountable care organization, aco, bundled, bundling, chairman's mark, Chuck Grassley, extension, gang of six, healthcare, hha, home health, hospice, hospital, innovation center, inpatient rehabilitation, irf, jason greis, Jeff Bingaman, Kent Conrad, long term acute care hospital, long term care hospital, ltac, LTACH, LTCH, max baucus, Medicaid, medicare, Mike Enzi, mmsea, mona mohib, Olympia Snowe, overhaul bill, post-acute, quality reporting, senate finance committee, skilled nursing, snf, value-based purchasing
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