Woonsocket, Rhode Island — Omnicare, the country’s largest pharmacy provider to skilled nursing and assisted living facilities, took a significant step Wednesday in its ongoing bankruptcy, announcing a court-supervised sale process with a new potential buyer already lined up. The company entered into an asset purchase agreement with GenieRx Holdings LLC, a joint venture between private investment firm Milrose Capital LLC and Integro Healthcare Services, which will serve as the so-called “stalking horse bidder” — essentially setting the floor price for what will become an open auction. Competing bids are due April 30, 2026, with an auction expected May 5…
Author: Chaya S
Woonsocket, Rhode Island — Omnicare, the country’s largest pharmacy provider to skilled nursing and assisted living facilities, took a significant step Wednesday in its ongoing bankruptcy, announcing a court-supervised sale process with a new potential buyer already lined up. The company entered into an asset purchase agreement with GenieRx Holdings LLC, a joint venture between private investment firm Milrose Capital LLC and Integro Healthcare Services, which will serve as the so-called “stalking horse bidder” — essentially setting the floor price for what will become an open auction. Competing bids are due April 30, 2026, with an auction expected May 5…
Washington, D.C. — House Democrats have introduced legislation that would set the most aggressive mandatory staffing floors ever proposed for U.S. nursing homes — and nursing home providers are already pushing back hard. The Safe Staffing Saves Lives Act, introduced last week by Reps. Lloyd Doggett (D-TX) and Jan Schakowsky (D-IL), would require nursing homes to provide a minimum of 4.1 hours of direct care per resident per day, along with a registered nurse on-site 24 hours a day, seven days a week. That threshold is higher than even the rule the Trump administration repealed in February — and more…
Washington, D.C. — More than 400 hospitals across the country face a real risk of closing or cutting essential services because of the sweeping Medicaid reductions in the federal budget law signed last year, according to a new analysis released Tuesday by the progressive watchdog group Public Citizen. The report identified 446 at-risk hospitals — facilities where Medicaid and similar low-income programs make up at least 20% of revenue and that have been running at a financial loss in recent years. At least one at-risk hospital was found in 44 states and Washington, D.C. For nursing homes, the stakes are…
Nashville, Tennessee — When Winter Storm Fern tore through the Nashville area in January, cutting power to roughly 230,000 customers in what became the largest outage in the city’s history, nursing home residents were supposed to be protected. They weren’t — at least not all of them. A new internal review by Nashville Electric Service reveals that 44 nursing homes and assisted living facilities were never added to the utility’s Critical Referral Program, the system designed to prioritize power restoration for customers who depend on medical equipment and vulnerable populations. The findings, presented to the NES Power Board last week,…
Chapel Hill, North Carolina — The Trump administration has a pitch for the rural healthcare crisis: $50 billion in new funding, a massive push toward artificial intelligence — and AI nurses standing in for the human caregivers America doesn’t have. It sounds ambitious. But researchers and health policy experts are already raising a basic question: how does Washington roll out $50 billion in rural health investment while simultaneously cutting nearly a trillion dollars from Medicaid? That tension sits at the heart of the administration’s Rural Health Transformation Program, a five-year initiative executed through state-level contracts and grants. Officials have framed…
Washington, D.C. — The federal government just assembled a new advisory panel to help reshape how Medicare, Medicaid, and other major healthcare programs are financed and run — and the committee’s stated focus on vulnerable populations and Medicare Advantage sustainability has long-term care operators paying close attention. The U.S. Department of Health and Human Services (HHS) and Centers for Medicare & Medicaid Services announced the members of the Healthcare Advisory Committee on Thursday, March 26. The 18-person body was selected from a pool of more than 400 candidates. Members will advise HHS Secretary Robert F. Kennedy Jr. and CMS Administrator…
Washington, D.C. — Nursing home care costs over $111,000 a year for a semiprivate room. The average American retiree has about $200,000 saved. Do the math, and you’ll see why millions of families are turning to a strategy that sounds radical at first: intentionally spending a loved one into poverty. It’s called a Medicaid spend-down — and it’s completely legal. But experts are warning families not to try it on their own. Why Medicare Won’t Save You Here’s the gap most families don’t discover until it’s too late: Medicare, the main health insurance program for older Americans, generally doesn’t pay…
Dallas, Texas — A federal bankruptcy judge has signed off on up to $7.3 million in bonuses and retention pay for Genesis HealthCare’s executives and management team — and the ruling came over the objections of hundreds of families still waiting to collect settlements for the injuries and deaths of their loved ones. Judge Stacey Jernigan of the U.S. Bankruptcy Court for the Northern District of Texas approved three separate seven-figure bonus programs for Genesis employees at a hearing on March 24. The judge agreed with the company that keeping key personnel in place was necessary to close a roughly…
WASHINGTON — The federal government’s top healthcare watchdog wrapped fiscal year 2025 with nearly $19.1 billion in recoveries, cost savings, and identified overpayments — and the compliance pressures that generated that figure are landing squarely on skilled nursing facilities. The Office of Inspector General’s Fall 2025 Semiannual Report to Congress, covering activity from April 1 through September 30, 2025, makes clear that federal oversight isn’t what it used to be. The OIG is no longer waiting for complaints to pile up. It’s using data analytics, cross-agency collaboration, and predictive modeling to spot billing outliers before anyone files a single complaint.…
