ProMedica to close healthcare system-affiliated SNF in Cleveland … Boynton Beach, FL, affordable senior housing sells for $53M … State completes $38M renovation of senior apartments
Long-term care providers well-presented on Reputation 800 list
By
Kathleen Steele Gaivin
Feb 06, 2024
Several senior living and care providers made the Reputation 800 Award list for best-in-brand reputation, often at multiple locations.
AG approves management transfer of 7 ProMedica SNFs to Providence Group
By
Kathleen Steele Gaivin
Nov 27, 2023
California Attorney General Rob Bonta (D) has given conditional approval to transfer management of seven skilled nursing facilities operated by Toledo, OH-based ProMedica to Providence Group, a California...
ProMedica completes $710 million sale of home health and hospice division to Gentiva
By
Kathleen Steele Gaivin
Nov 07, 2023
Toledo, OH-based ProMedica last week finalized the long-awaited $710 million sale of its national home health and hospice division to Atlanta-based Gentiva Health Services. The deal had been delayed several...
Business briefs, Nov. 2
By
Kathleen Steele Gaivin
Nov 02, 2023
Gentiva completes acquisition of ProMedica’s home health and hospice business … Private-sector employment up 113,000 jobs month over month … FHCA, Florida Community Care launch scholarship … National...
Business briefs, Oct. 26
By
Kathleen Steele Gaivin
Oct 26, 2023
Federal bill would stabilize HCBS funds for home care, assisted living … Advocates warn of slower sales as nursing home ownership law begins … LeadingAge Maryland awarded almost $300K to support affordable...
Business briefs, Aug. 23
By
Kathleen Steele Gaivin
Aug 23, 2023
ProMedica purges nursing homes, gets more time on $453M loan payoff … NIC unveils new senior housing investment professional certificate program … The Preserve, Gulf Coast Village offer outpatient...
ProMedica Senior Care posts $14.7 million loss in second quarter
By
Kathleen Steele Gaivin
Aug 16, 2023
Toledo, OH-based ProMedica Senior Care on Monday reported a $14.7 million operating loss for the second quarter, and parent company ProMedica posted a $39.8 million operating loss for the quarter, the...
ProMedica reports $346 million loss in fourth quarter after ‘year of challenges and restructuring’
By
Kathleen Steele Gaivin
Apr 25, 2023
Toledo, OH-based Promedica on Friday reported a $346.4 million operating loss for the fourth quarter of 2022. The report comes after the company made a near total exit from skilled nursing last year in...
Business briefs, April 21
By
Kathleen Steele Gaivin
Apr 21, 2023
ProMedica to lay off additional 26 SNF support staff … Senate Aging Committee discusses ‘dismantling barriers and building economic resilience for older workers’ … … For sale in CT: Huge...