Mortgage Blog
Dallas-based senior care company files for bankruptcy
A Dallas-based operator of skilled nursing and assisted living facilities filed for bankruptcy this week, citing “burdensome debt levels and expensive leases.”
Senior Care Centers, which accommodates almost 10,000 residents and employs roughly 11,000 workers at more than 100 locations in Texas and Louisiana, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas, according to a news release.
“After careful analysis, we determined that the protections…
Western New York banks vie for customer deposits
Competition for deposits continues to be strong in Western New York, where new and longstanding lenders are going head-to-head to win and retain business.
St. Jude receives largest gift in its history
St. Jude Children's Research Hospital has received the largest gift in its history — more than twice as much as the previous biggest donation.
AbbVie, the Chicago-based biopharmaceutical giant, is giving $50 million to the Memphis-based hospital, both entities announced Monday.
With the funds, St. Jude will implement a first of its kind on its campus — a new approach to wellness and recovery for patients and their families.
AbbVie's donation will specifically create spaces called the Family…
Ascension subsidiary opening office in Cortex
Ascension’s technology subsidiary is opening an office in the Cortex district.
Innovator Award winner: Jelena Janjic, Duquesne University
Jelena Janjic is a winner of a 2018 Innovator Award, which is presented by the Pittsburgh Business Times.
UPMC-owned telemedicine company acquires NY firm
Larger company plans to grow into additional states.
Louisville company buys out Baptist Healthcare stake in medical facility
The ownership of a physical therapy clinic and athletic training facility in Blankenbaker Station has changed hands for the second time in as many years.
Louisville-based Personal Fitness & Rehabilitation LLC has bought out Baptist Healthcare System Inc.'s 54 percent stake in the facility, called Baptist Health Performance Training, at 12101 Sycamore Station Place. Terms were not disclosed.
Baptist Healthcare, a statewide hospital and health care provider based in Louisville, bought out a previous…
FDA grants special designation for Bayer AI software
Bayer announced in a release that the U.S. Food and Drug Administration granted a breakthrough device designation for an AI pattern recognition software that it is jointly developing with Merck.
The software is designed for the treatment of chronic thromboembolic Pulmonary Hypertension (CTEPH), a rare form of pulmonary hypertension that is often difficult to diagnose because symptoms often mimic those of asthma or chronic obstructive pulmonary disease (COPD).
Working together, Bayer and Merck have…
St. Louis health care worker pleads guilty to billing Medicaid while on a cruise ship
A St. Louis home health care worker has pleaded guilty for making false statements to Medicaid.
Demagio Smith, 28 and of St. Louis, admitted to repeatedly submitting false time sheets to Medicaid that said he was working as a home health care aide from 2013 to 2017 as part of his plea agreement. However, he was actually working another job or traveling outside of Missouri at the time, including to California, New Jersey, the Virgin Islands and on a Caribbean cruise ship, according to the U.S. Attorney’s…
Audit finds improvements at beleaguered Nashville hospital
An external audit has found signs of financial progress at Nashville General Hospital, the city’s safety-net hospital.
The Tennessean reports:
The audit was conducted by locally based Crosslin PLLC.