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Mercy paid the DaySpring Assembly of God $575,000 for the parcel, which the church purchased from the Floyd County Baptist Association two years ago. His church moved back to their old building at 3330 Callier Springs Road. Andersonâs church has been unsuccessful in its efforts to rezone the Callier Springs road property for commercial use for several years. The Floyd County Commission has agreed to seek a $500,000 Community Development block grant for Mercy to help with what is expected to be an extensive renovation of the old school property at 300 Chatillon Road. read more

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The only nonprofit senior care facility in San Angelo — already struggling to retain a quality nursing staff — faces major Medicare provider cuts in the health care reform bill on life support in Washington. On that list is a 1-percent provider rate cut for Medicaid programs like nursing care and a 2-percent provider rate cut for Medicaid long-term care, residential and acute care for adults, and hospice. Medicaid providers are unhappy that state officials are considering cutting already underfunded programs, and industry experts fear provider cuts will hinder their efforts to recruit and maintain a professional staff — and will ultimately weaken the quality of care. When they learned of the possible state cuts, Texas home health agencies and senior care facilities were already scrambling to adjust to a $725 million federal cut in Medicare funding announced in October. The state’s additional cuts — which could total up to $40 million a year — would put further strain on the industry’s already tight funding, especially as Medicaid enrollment numbers continue to climb in Texas. Elderly residents "have spent their lives paying taxes to support this system of care, and it simply is not fair that the state would turn its back on them now, when they need it the most," Tim Graves, the Texas Health Care Association president, said at a Feb. read more

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Financial and Operating Statistics Continuing residences* Three months ended ——————————- December September December 31, 2009 30, 2009 31, 2008 ——— ——— ——— Average Occupied Units by Payer Source Private 5,450 5,381 5,457 Medicaid 298 371 591 ——— ——— ——— Total 5,748 5,752 6,048 ========= ========= ========= Occupancy Mix by Payer Source Private 94. Same residence basis** Three months ended ——————————- December September December 31, 2009 30, 2009 31, 2008 ——— ——— ——— Average Occupied Units by Payer Source Private 5,356 5,321 5,415 Medicaid 278 330 521 ——— ——— ——— Total 5,634 5,651 5,936 ========= ========= ========= Occupancy Mix by Payer Source Private 95. Financial and Operating Statistics Continuing residences* Year ended —————— December December 31, 2009 31, 2008 ——– ——– Average Occupied Units by Payer Source Private 5,393 5,482 Medicaid 408 708 ——– ——– Total 5,801 6,190 ======== ======== Occupancy Mix by Payer Source Private 93. Same residence basis** Year ended —————— December December 31, 2009 31, 2008 —————— Average Occupied Units by Payer Source Private 5,321 5,429 Medicaid 367 621 ——– ——– Total 5,688 6,050 ======== ======== Occupancy Mix by Payer Source Private 93. Three Months Ended Three Months Ended Year Ended December 31, September 30, December 31, —————— —————— —————— (Dollars amounts in thousands, unaudited) ———————————————————- 2009 2008 2009 2008 2009 2008 ——– ——– ——– ——– ——– ——– Revenues $ 57,737 $ 57,101 $ 57,236 $ 57,740 $228,723 $231,576 ——– ——– ——– ——– ——– ——– Adjusted EBITDA $ 14,606 $ 11,284 $ 14,164 $ 11,493 $ 53,576 $ 48,713 ——– ——– ——– ——– ——– ——– Adjusted EBITDAR $ 19,674 $ 16,293 $ 19,217 $ 16,483 $ 73,620 $ 68,623 ——– ——– ——– ——– ——– ——– Adjusted EBITDA as percent of total revenues 25. read more

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RHIO electronic record-sharing network can now see if their elderly patients are receiving meals from Meals on Wheels, elder care case management or other non-medical, county-funded services from 50 area elder care agencies. The records could help hospitals, doctor's offices and community agencies better coordinate care, especially when patients go home from a hospital or rehab facility. RHIO , a nine-county network that shares medical records online, announced Tuesday that it's collaborating with Monroe County Office for the Aging and PeerPlace Networks software company to share community care summaries for about 19,000 Monroe County seniors. RHIO earlier networked patient lab reports, test results, medication history, insurance information, radiology images and reports and hospital discharge summaries. read more

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Our audio conference panelists will review the trends in seniors housing and care by giving a unique perspective on the dynamics of the 2009 acquisition market, an assessment of the past few years, and insight on what to expect next. Our panel of leading industry professionals will include John Mark Ramsey , Chief Executive Officer of Servant Healthcare Investments, LLC; Paul Rundell , Managing Director, Alvarez & Marsal Healthcare Industry Group; and Patrick Hurst , Managing Director, Houlihan, Lokey, Howard & Zukin. Monroe , is the editor of The SeniorCare Investor and The Senior Care Acquisition Report. Irving Levin Associates is the leading publisher of merger and acquisitions data in the seniors housing and health care industry. Founded in 1948, Levin Associates has consistently provided Wall Street investors, senior care providers and health care executives with timely, accurate and reliable market intelligence in mergers and acquisitions, mortgage financing, private placements, IPOs and secondary offerings. read more

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Back to share with a friend form. Send me a copy of this email. read more

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Be the first to post a comment on this page! Will Skype TV Put Pressure on Entry-Level Video Conferencing? Phybridgeââ'¬â"¢s UniPhyer ââ'¬â Whatââ'¬â"¢s All the Buzz About? Subscribe FREE to all of TMC's monthly magazines. read more

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