Skilled Healthcare News
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Skilled Healthcare Group Inc. reached a settlement with the state of California over staffing levels and the quality of care at its nursing homes.
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A report by federal health care inspectors in November said the U.S. nursing home industry overbills Medicare $1.5 billion a year for treatments patients don’t need or never receive.
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Skilled Healthcare Group Inc. lost its bid for a mistrial ruling to vacate $677 million in damages awarded by a California jury that found the company improperly staffed its nursing homes. Shares plunged as much as 24 percent.
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Skilled Healthcare Group Inc. asked a California judge to declare a mistrial or order a new trial over a jury’s $677 million damages award for claims the company improperly staffed its nursing homes.
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Skilled Healthcare Group Inc. , which was ordered by a California jury to pay $671 million for improperly staffing nursing homes, agreed to try to settle the case in mediation.
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Skilled Healthcare Group Inc. jumped as much as 31 percent in New York trading after announcing a $50 million lawsuit settlement over staffing in its California nursing homes, helping it avoid a $677 million damage verdict.
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Skilled Healthcare Group Inc. plunged the most since its initial public offering in New York trading after a California jury returned a $671 million verdict against the nursing-home operator.
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Skilled Healthcare Group Inc. said it will appeal a court order requiring it to comply with California’s minimum staffing requirements at its nursing homes after failing to persuade a judge to declare a mistrial.
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Goldman Sachs Group Inc. agreed to pay $550 million and change its business practices to settle U.S. regulatory claims it misled investors in collateralized debt obligations linked to subprime mortgages.
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Paul G. Allen, a Microsoft Corp. co- founder who was once the second-richest American, accused 11 companies including Google Inc. and Apple Inc. of infringing patents he holds for online-shopping technology.
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