Inquiries at Investor-Owned Nursing Homes
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Congress said it would investigate business practices at nursing homes owned by private investment groups, after staffing at many of the homes was shown to have been cut severely.
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American Funds and Edward Jones &amp; Co. are among the financial firms that regulators are requesting information from in a sweeping examination into sales and disclosure of 529 college-savings plans.
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Berkshire Hathaway Inc., the company controlled by billionaire Warren Buffett, said its General Re Corp. unit received a request from regulators for information on insurance policies designed to help mitigate losses.
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Congress said it would investigate business practices at nursing homes owned by private investment groups, after staffing at many of the homes was shown to be cut severely.
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ROLLING HILLS ESTATES  Comments sought on condo plan  An environmental analysis that will study a proposed 163-unit condominium development on Deep Valley Drive has been initiated by the city of Rolling Hills Estates.
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By Art Campos, The Sacramento Bee, Calif.  Feb. 15--A legal dispute between Roseville and a nonprofit corporation that builds and provides housing for senior and disabled residents may be resolved soon.
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A survey of complaints against more than 16,000 U.S. nursing homes found that care often deteriorates after being acquired by large private investment firms, The New York Times reported in its September 23 edition.
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Berkshire Hathaway Inc., the holding company run by billionaire Warren Buffett, on Thursday said its General Re insurance unit received a request from the US Securities and Exchange Commission to provide information on some insurance
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By Nicole King, Amarillo Globe-News, Texas  Jan. 30--A former nursing home is getting a new life as an apartment  complex along with some help from the city. The City Commission approved a  City Community Development Block Grant to help foot the bill.    The grant will pay $329,978.
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Here are some of the latest health and medical news developments, compiled by editors of HealthDay:    ------    Average Cost of U.S. Nursing Home is $70K Annually: Survey      The average cost of a private room in a nursing home in the United States is $70,080 a year, or $192 a day, according to a survey released Monday by the MetLife Mature Market Institute...
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A pullback in commercial property lending has raised questions about whether a recent surge in real estate investment trust buyouts signaled a peak for private equity funds.
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By Chris Metinko, Contra Costa Times, Walnut Creek, Calif.  Jun. 1--As the country's senior population grows by the day, local services and agencies are dealing with an influx of calls from those now caring for seniors who can no longer care for themselves.
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By Magney, Reid  WEST SALEM, Wis. - La Crosse County's Lakeview Health Center continues to lose nearly $2 million a year, but a new report shows that public nursing home losses are greater elsewhere.
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The owner of an unlicensed nursing home has been charged with murder in the death of an 88-year-old resident.
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Insulated from lawsuits by their corporate structures, private investors in nursing homes have cut expenses and staff, sometimes below minimum requirements.
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New York state regulators are looking into WellCare Health Plans Inc's  activities related to the state's Medicaid program, a person familiar with the investigation said on Tuesday.
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Accounting scandals, first at Freddie Mac and now alleged at Fannie Mae, call into question the future of those government-sponsored but investor-owned companies that buy home mortgages from lenders.