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$145 Million Settlement, Reinventing Memory Care

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October 25, 2016

The Leadership Series: Silverado Chairman, President and CEO Loren Shook

Shook brings an extensive background in health care administration to memory care giant Silverado, having started as one of the youngest hospital administrators to hold the title. We sat down with him to learn about how he became interested in memory care in the first place, why loyalty is both a strength and a weakness, and why passion is the key to every partnership…Read More »

SNF Provider to Pay Record $145 Million False Claims Settlement

Life Care Centers of America, Inc. has agreed to pay a record-high settlement to the U.S. Department of Justice (DOJ) for violating the False Claims Act, the department announced Monday. The Cleveland, Tennessee-based skilled nursing provider owns and operates more than 220 skilled nursing facilities …Read More »


Control Labor Costs with Proactive Staffing Strategies 

Rising minimum wages, a drastic workforce shortage and increased competition for talent have long-term care executives across the country looking to offset skyrocketing labor costs. Read this free whitepaper for quick and effective staffing tips to control labor costs while meeting residents’ needs. Download these tips today!

Webinar Last Chance: Wearables for Senior Care—A Real-Life Application

Wearables and remote monitoring technology offer many clear benefits for seniors, their families and the communities and home health organizations that support their care. But there are many valid concerns to overcome: what if my seniors won’t wear a wearable? How do I keep their…Read More »

Senior Housing Investments & Transactions: Genworth To Be Acquired for $2.7 Billion

Genworth To Be Acquired for $2.7 Billion Genworth Financial (NYSE: GNW) has entered into an agreement to be acquired by a China-based investment company, China Oceanwide Holdings Group Co., for $2.7 billion. China Oceanwide has agreed to buy Genworth for $5.43 per share in cash…Read More »

SunTrust Enters Senior Housing Lending Business

A major name in U.S. banking has now joined the ranks of senior housing lenders through a recently announced acquisition. SunTrust Banks, Inc. (NYSE: STI) announced Thursday it has entered into a definitive agreement to acquire substantially all of the assets of the operating subsidiaries…Read More »

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