Skilled Nursing News reported that The Ensign Group (Nasdaq: ENSG) continues to expand. Ensign is a national for profit nursing home chain worth billions. Ensign will add five more senior living communities to its portfolio. The nursing home industry heavyweight entered into an agreement with The Pennant Group (Nasdaq: PNTG) to transfer the operations of
Failure to Protect WRAL reported that in September of 2020, a facility failed to protect a resident from a violent beating. Spring Arbor of Wilmington knew Garland Garrett’s roommate had a history of violent outbursts at the home. They did nothing to protect the vulnerable adult. The facility failed to supervise his roommate who beat
The Biden Administration continues to bailout the nursing home industry because of their greed and mismanagement are killing residents. Nursing home owners and operators used prior bailout money to satisfy mortgages, shareholder dividends, and siphoning to related entities. HHS Secretary Xavier Becerra admitted: “Provider Relief Funds have been a lifeline for healthcare providers across the
PREP Act Immunity The Public Readiness and Emergency Preparedness Act is known as the PREP Act. The Act provides some protection against legal claims related to “countermeasures” during a public health emergency. The PREP Act limits “countermeasures” to drugs, products and devices to diagnose, prevent or treat the virus and its transmission. Oregon Live reported
The average price per bed for nursing homes rose almost 22% year over year for the first quarter of 2021. Even as staffing shortages and low occupancy rates, profits soar because of the bail-outs and high reimbursement rates. Real estate investment trusts are active in the industry. DAC Acquisition LLC entered into a merger agreement with Diversicare
Lawsuits deter bad conduct. It is the whole point of the justice system. Without justice and accountability, bad conduct will increase. For example, Florida gave legal immunity to nursing homes for COVID deaths from careless and reckless infection control. Guess what? Cases of COVID deaths increased after Florida gave nursing homes blanket immunity for neglect
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