MissionIR News – AdCare Health Systems Announces Acquisition of Skilled Nursing and Assisted Living Center for $12.5 Million
Atlanta, GA (PRWEB) January 04, 2012
MissionIR would like to highlight AdCare Health Systems, Inc. (NYSE Amex: ADK). AdCare Health Systems is an expanding national leader in the development, ownership, and management of assisted living facilities, skilled nursing and retirement communities. The company’s 3,600 employees provide high-quality care for patients and residents residing in the 44 facilities that it operates.
In the companys news yesterday,
AdCare Health Systems announced the completion of the previously announced agreement to purchase a skilled nursing and assisted living community in Ohio. The final purchase price totaled $ 12.5 million, $ 1.0 million less than the initial purchase agreement.
The community has 179 beds in service and generates approximately $ 12 million in gross annualized revenues according to its most recent financials. The addition of this skilled nursing and assisted living center is expected to be immediately accretive to AdCares earnings.
This transaction brings the total number of facilities AdCares purchased, leased, or managed to 44 facilities since its M&A campaign began in the fall of 2009, with more than 3,900 beds in service.
The company told investors that it intends to continue pursuing an aggressive M&A program. Combining its current annualized run-rate with transactions in the process of closing, AdCares estimated annualized revenue run-rate is expected to exceed $ 300 million. This would represent an increase of more than 460% over the companys revenues in 2010, and an increase of more than 11 times revenues since initiating its M&A campaign in the fall of 2009.
After expanding our operations to Alabama, Arkansas, Georgia, North Carolina and Oklahoma, with this acquisition weve built upon our home base in Ohio, stated Chris Brogdon, AdCares vice chairman and chief acquisitions officer. These new facilities will leverage the professional support staff weve long maintained in the state, as well as enhance our overall economies of scale.
Were continuing to evaluate a number of attractive opportunities in the Midwest, as well as in the Southwest and Southeast with our M&A program and the integration of new facilities remaining our primary focus going forward, continued Brogdon.
Boyd P. Gentry, AdCares president and chief executive officer, stated, Our strategy of acquiring skilled nursing facilities is proving highly successful, not only in our closing rate and terms, but especially in our post-acquisition performance. We have been targeting facilities that have not traditionally concentrated on providing post-acute services, and then once acquired, we increase Medicare census and occupancy, as well as optimize reimbursement and patient care.
Historically, it takes our operations team a year to 15 months to fully harvest this opportunity in an individual facility, added Boyd. This means we still have optimization opportunities in our current portfolio, and significant upside exists in our pending acquisition pipeline.
AdCare finished last year with 29 new facilities placed under contract, and the acquisition of 18 facilities completed. The company expects to complete the acquisition of at least 20 more in the next three months, including five facilities in Oklahoma and the companys largest transaction to-date of 15 facilities across the Southeast.
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company’s actual results to differ materially from those indicated in any forward-looking statements.
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Categories: Retirement Services Tags: $12.5, Acquisition, AdCare, Announces, Assisted, Center, health, Living, million, MissionIR, News, Nursing, Skilled, Systems
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Categories: Senior Health Care Tags: Bengal, Care, Guide, health
Safeguarding seniors health care : quality in managed care : hearing before a subcommittee of the Committee on Appropriations, United States Senate, One … hearing, Department of Health and Human…
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Rideau Valley Health Centre to Celebrate Grand Opening Friday, November 18, 2011
Nepean, Ontario, Canada (PRWEB) November 14, 2011
Rideau Valley Health Services Limited (RVHS) is pleased to announce the Grand Opening of the new Rideau Valley Health Centre (RVHC) on Friday, November 18th, 2011 at 8:30 am. Located at 1221 Greenbank Road (at Berrigan Drive), the RVHC meets a pressing need in the Ottawa South, Barrhaven and Manotick communities for family physicians. Moreover, the impressive new Health Centre meets that need as the first phase of a state-of-the-art 15,000 square foot healthcare complex that will include an Urgent Care Centre, onsite diagnostic imaging, a pharmacy, and capacity for an array of family health services.
With a Family Health Organization (FHO) designation, the RVHC was designed to house a large practice of 10 or 12 family physicians. There are 24 examination rooms, several doctors offices, multiple computer stations and well-appointed treatment rooms. If a patient requires an x-ray or ultrasound, there will be no need for a trip to a clinic or hospital; starting mid-February 2012, diagnostic imaging will be done on-site. Thoughtful scheduling will maximize the efficiency of the Health Centre; for example, babies in the practice requiring regular immunization will be scheduled for appointments on the same day to streamline the process of administering their shots.
Dr. Robert Rowan was the first family physician to make the decision to relocate to the RVHC. He is excited about working to improve the health of the local community in this new multi-service facility. In his own words: I am extremely happy and proud to be able to work in this incredible and beautiful medical facility. Those who know me or have met me recently know that my excitement level is running high. It seems like I have been waiting for such a wonderful opportunity and facility for a long time. We have some great physicians who will be starting here in a phased-in process, and look forward to recruiting many more physicians interested in providing state of the art medicine in a state of the art facility.
Marion Moritz is the manager of the RVHS complex. She brings many years experience in emergency room nursing and management, including 10 years as Executive Director of the Orleans Urgent Care Clinic. She was happy to join the team, she states, and excited about the opportunity to build something from the ground up.
The RVHS Urgent Care Centre will open mid-February, 2012, concurrent with diagnostic imaging. An urgent care facility has many of the same capabilities as a hospital emergency department, and is staffed by emergency physicians and registered nurses; there are two significant differences, however: urgent care facilities dont accept ambulances and they dont admit patients. With the ability to triage patients and the presence of onsite diagnostics, the RVHS Urgent Care Centre will be capable of doing approximately 80% of what a hospital emergency room (ER) can do. It will cast broken bones, treat dislocated shoulders, cuts, sprains, headaches, bronchitis, infections, minor trauma in short, the maladies that clog hospital ERs.
Moritz explains that approximately 75% of visitors to a hospital ER could be treated at an urgent care centre. Cost effective to operate, urgent care centres offer quick and efficient one-stop service, taking the pressure off crowded ERs. For patients, this translates to a normal wait time of under an hour, rather than several hours, or one-quarter of ER wait times. RVHS nine urgent care examining rooms will make it possible for 200 patients to be seen per day.
A critical element of an urgent care centre is its laboratory functioning. RVHS Urgent Care Centre will be using innovative point-of-care technology. Point-of-care testing (POCT) is defined as medical testing at or near the site of patient care, increasing the likelihood that the patient, physician, and care team will receive the results more quickly, and allowing for immediate clinical management decisions to be made. POCT includes blood glucose testing, drug abuse screening, urine strips testing, pregnancy testing, hemoglobin diagnostics, and cholesterol screening. POCT is accomplished through the use of transportable, portable, and handheld instruments and test kits. RVHS is grateful to former KDH lab manager Patti Boyd (recently retired) for her help in developing the plan for laboratory services.
As mentioned earlier, the RVHS complex has the capacity to house an array of family health services in addition to the family health centre, the urgent care centre, diagnostic imaging, and the pharmacy (coming soon). Specialist clinics will save patients a trip to a hospital, where they are normally located, and also cut down on traffic at the hospital. Meanwhile, the RVHS facility is already home to the Ottawa South Diabetes Education and Support Program, a multidisciplinary team that includes a Registered Dietitian and a Registered Nurse dedicated to improving the quality of life of clients living with Type 2 diabetes and those at risk of developing Type 2 diabetes. The group offers diabetes and pre-diabetes education and counseling; group programs start every month.
Unlike the majority of healthcare facilities, the RVHS complex is located adjacent to a suburban shopping mall, Barrhavens Village Square Mall to be exact. The new 15,000 square foot facility was architect-designed and purpose-built to RVHS specifications. Another innovative aspect of the facility is that it is not owned by a healthcare corporation, but leased from the property owner, with the lease to be paid by the providers of services sharing the space, such as the pharmacy, and the family physicians. The RVHC family physicians are paid by OHIP and, like doctors with their own practices, they will pay for the overhead of the space in which they practice heat, hydro, etc. And the end result is a multi-service family healthcare facility that pays for itself.
RVHS CEO Colin Goodfellow (also CEO of Kemptville District Hospital) describes the Barrhaven complex as a new model of health service delivery. Where a brand new hospital would have cost in the neighbourhood of $ 80 million, he explains, and would have taken many years to plan and fundraise for, this facility cost taxpayers nothing and is open 24 months from the inception of the project.
The vision of the RVHS holistic healthcare facility grew out of increased demand on the emergency department of Kemptville District Hospital (KDH) and an obvious need in the outlying communities for family physicians. The KDH catchment area includes Barrhaven, Manotick and other neighbourhoods in Ottawa South, whose populations have all grown substantially over the last decade. KDH administration tackled the problem with some innovative thinking, developing a plan to sponsor this new initiative. KDH has used its financial leverage to build this facility, which will be self-sufficient once its up and running. No capital funding was used.
Rideau Valley Health Services would like to recognize the contribution of Ottawa commercial construction firm ZW Group and the trades for all their hard work in readying the facility for opening. Health Centre Manager Marion Moritz praises ZW Group: their attention to detail, planning and execution is wonderful. Also instrumental in bringing RVHC to its opening day were IT specialists IDS Systems Consultant, and suppliers The Computer Media Group, Toshiba, Carestream, Ontario Medical Supply, Shoppers Home Supply, and The Stevens Company.
Residents of Ottawa South, Barrhaven and Manotick interested in registering for a family physician should visit the RVHC website, http://www.rvhc.ca, and fill out the registration form available from the home page; patients names and contact information will be added to a database and individuals will be contacted when a physician becomes available.
The Ottawa South Diabetes Education and Support Program is accepting referrals via the RVHC website or
Categories: Financial Planning For Retirement Tags: 2011, Celebrate, centre, Friday, Grand, health, November, Opening, Rideau, Valley
T’ai Chi For Life, Health And Fitness
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Categories: Retirement Benefit Tags: Fitness, health, Life, T'ai
Economic Climate, Escalating Health Care Costs Make Saving for Retirement Difficult; Not Impossible : Nationwide Updates RetirAbility CheckSM to Account for Health Care Costs in Retirement
Economic Climate, Escalating Health Care Costs Make Saving for Retirement Difficult; Not Impossible : Nationwide Updates RetirAbility CheckSM to Account for Health Care Costs in Retirement
COLUMBUS, Ohio (PRWEB) December 9, 2008
The 17-point increase in the National Retirement Risk Index (NRRI) from the previous Index number of 44 percent – released in January 2007 – demonstrated how the surging cost of health care was significantly affecting retirement savings. But, as the nation’s economy continues to struggle, many Americans are beginning to cut back on their long-term financial plans due to rising costs of everyday necessities.
“Today’s economic environment plays a large factor in what steps people are taking to safeguard their future financial security,” said Brad Davis, vice president of marketing, Individual Investments Group at Nationwide Financial. “There is an even greater feeling of insecurity and vulnerability, especially during these demanding economic times. With more and more companies ceasing defined benefit plans and with mounting concerns about Social Security, some sources of expected post-retirement income may not be available to Americans. So, they need to take a more active and responsible role to secure their safe retirement.”
Education and online resources may help consumers plan for retirement and health care costs
To help consumers better prepare for retirement, Nationwide Financial Services, Inc. (NYSE: NFS) updated RetirAbility CheckSM to account for the rising cost of health care. This informative, interactive online experience aligns with the new NRRI data, which only Nationwide has exclusive access to because of its support of the retirement research being done by the CRR. Since its founding in 1998, the CRR is considered by many as an authoritative source of information and perspective on all major aspects of the retirement discussion.
“This latest update to RetirAbility Check is important because the rising cost of health care affects every retiree at some point in their lives,” Davis said. “Our free online site gives consumers an even more accurate picture of the impact of these rising costs, and enables them to consider this information as they prepare for retirement.
“Many in America have to rethink how they are going to make it to retirement, not just what to plan for when they finally do retire,” Davis said. “The Index also shows that the risk will rise for younger workers and low-income households. The Index number could be considerably higher once long-term care costs are taken into account, and if households do not plan judiciously. There are more reasons today to educate ourselves, and consider working with a financial professional on a plan that’s right for every individual’s circumstances.”
What is RetirAbility Check?
RetirAbility Check (http://www.nationwide.com/rscore/nrri1208) is an online, interactive resource that provides consumers with a basic retirement readiness score – called an R-ScoreSM – to illustrate how financially prepared they are for retirement. For example, if a person’s R-Score is 56, he or she is on track to have 56 percent of what they need financially in retirement. A score of 100 is the goal.
First introduced in late 2006, RetirAbility Check uses NRRI data to determine the R-Score. In addition to updating the online site to account for rising costs of health care, additional changes were made, including updates to the user interface and the creation of an express mode to expedite the process for returning users.
“Nationwide translates the Index findings and implications into a consumer-friendly format that goes beyond the numbers to keep consumers engaged. RetirAbility Check takes the national index of retirement readiness to a personal level,” Davis said.
How RetirAbility Check works
To start, consumers input basic information such as birth year, earnings and any current retirement plan balances. During the process, an on-screen peer – similar in age and gender – guides the user and provides information, tips and facts along the way.
Once complete, the information provided is analyzed using assumptions and patterns of behavior identified by Boston College — including cost of living and medical expenses in retirement — and gives users their R-Score.
After getting their R-Score, users can learn about ways to improve their score, as well as access additional educational resources, tips and calculators geared to help them better prepare for retirement. The site also provides information about how an investment professional could help with retirement planning.
To get your own R-Score, visit http://www.nationwide.com/rscore/nrri1208.
About Nationwide Financial
Nationwide Financial Services, Inc. (NYSE: NFS), a publicly traded company based in Columbus, Ohio, provides a variety of financial services that help consumers invest1 and protect their long-term assets, and offers retirement plans and services through both public- and private-sector employers.
It’s part of the Nationwide group of companies, which offers diversified insurance and financial services. The group is led by Nationwide Mutual Insurance Company, which is ranked No. 108 on the Fortune 500 based on 2007 revenue.2 For more information, visit http://www.nationwide.com.
RetirAbility Check is provided for educational purposes only and is not intended as advice. All investing involves market risk, including the possible loss of principle. Neither Nationwide nor any of its representatives give legal or tax advice. Please consult with your legal or tax advisor for such guidance. Nationwide, Nationwide Financial, the Nationwide framemark and On Your Side are federally registered service marks of Nationwide Mutual Insurance Company. RetirAbility Check and R-Score are service marks of Nationwide Mutual Insurance Company.
1 Nationwide Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation.
2 Fortune Magazine, April 2007
Savings Tips for Consumers
Reduce debt. According to the Federal Reserve, consumer debt is more than $ 2 trillion. And according to the Fed’s 2004 Survey of Consumer Finances, the average American was carrying more than $ 2,000 in credit card debt alone. Try to pay off your credit cards as quickly as possible, and don’t just pay the monthly minimum. Shop around for cards with better rates. Control unnecessary spending. Sure that non-fat, decaf, mocha-grande-whatever tastes good but at $ 4 a pop, it adds up. If you bought one per day, that’s $ 1,460 annually. And that’s just for coffee purchases. Think about the things you buy that you can cut back on. Put that money to work for you instead. Have a 401(k) or similar savings program? Great! Are you withholding the bare minimum or are you “maxing” out your withholding? Consult with your plan provider to see how you might do better, what options are available and so on. Use online resources to help evaluate your personal financial situation. Nationwide’s RetirAbility CheckSM (http://www.nationwide.com/rscore/nrri1208) lets users plug in basic financial and demographic information, and returns an R-ScoreSM, which is a number that tells them if they’re on track to maintain their standard of living in retirement. This engaging resource also offers personalized suggestions and tips for R-Score improvement. The R-Score is calculated using data from the National Retirement Risk Index and other metrics. Start the conversation about future medical costs with your doctor, your family, your investment professional and your employer. Find more information in the “Health Care” section on the Improve Your R-Score screen of RetirAbility Check. Seek professional help. Consider working with a licensed, qualified investment professional whose business and personal styles suit your needs. Start today!
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Categories: Nationwide Retirement Tags: Account, Care, CheckSM, Climate, Costs, Difficult, Economic, Escalating, health, Impossible, Nationwide, RetirAbility, Retirement, Saving, Updates
Before the Setting Sun: Twenty Minute Worship Services for Residents of Health Care Centers and Retirement Homes
Before the Setting Sun: Twenty Minute Worship Services for Residents of Health Care Centers and Retirement Homes
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Categories: Retirement Center Tags: Before, Care, Centers, health, Homes, Minute, Residents, Retirement, Services, Setting, Twenty, Worship
Natural Health And Wellness – Oneness Wellness System
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Quotebroker Expands Territory by Offering Affordable Health Insurance Quotes to Arizona Residents
Quotebroker Expands Territory by Offering Affordable Health Insurance Quotes to Arizona Residents
Santa Clara, NM (PRWEB) September 9, 2008
Santa Clarita, CA September 9, 2008-Quotebroker Insurance Services is expanding their territory by making their affordable health insurance products available to citizens in the State of Arizona. Quotebroker specializes in providing free health insurance quotes and high risk medical plans for those who have difficulty obtaining affordable health insurance. They provide insurance at competitive rates for individuals, families, groups, and associations across the state of Arizona for the first time.
Since Quotebroker is an independent online insurance brokerage firm and not owned by any insurance company, they are able to provide their clients with objective information about different insurance products, such as personal insurance plans, long-term care insurance, retirement planning, life, health, disability income protection, and a wide range of other insurance plans for individuals, groups, associations and their members in Arizona, California, and Nevada.
By providing free online insurance quotes, Quotebroker’s prospective clients in Arizona are able to choose from a variety of different affordable health insurance plans, weigh their benefits and coverage options, and select the health insurance that best serves the particular needs of their situation. This system saves their clients time, money, and greatly simplifies the process of choosing affordable health insurance.
With insurance costs rising for businesses, organizations and individuals across Arizona, there’s never been a better time to reevaluate insurance coverage and conduct some comparison shopping to get the best coverage for the best rates. Quotebroker’s health insurance quotes provided on their website allow people to weigh their options at a glance from the comfort of their homes and make informed decisions on the type and amount of coverage they need.
Any persons, businesses, or organizations in the states of Nevada, California, and now Arizona who want to get the most competitive insurance rates are encouraged to contact Quotebroker toll-free at 800-783-0802 or visit their website at http://www.quotebroker.com, for a free affordable health insurance quote.
Media Contact
Vince Pappadato
661-702-1755
vince(at)quotebroker.com
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Categories: Arizona State Retirement System Tags: Affordable, Arizona, Expands, health, insurance, Offering, Quotebroker, Quotes, Residents, Territory
Workout Without Working Out — Subliminal Health & Fitness Videos
Workout Without Working Out — Subliminal Health & Fitness Videos
Workout Without Working Out — Subliminal Health & Fitness Videos See http://www.subliminalhealthfitness.com/shf_affilia tes.htm
Workout Without Working Out — Subliminal Health & Fitness Videos
Categories: Senior Health Care Tags: Fitness, health, Subliminal, Videos, without, Working, Workout
