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Health Plan News

Timely Health Plan News and Commentary

Health Plan News
Home Archives for Senior Care

Senior Care News

Senior care covers the services that older adults rely on beyond a doctor's visit: home health care, skilled nursing facilities, assisted living, long-term care, hospice, caregiving support and the technology that helps people age safely at home. These services are financed through a mix of Medicare, Medicaid, long-term care insurance and personal savings, and the rules for each are different.

What We Cover

This section covers news from home health and home care agencies, nursing homes and senior living providers, long-term care financing, caregiver programs, and advocacy organizations such as AARP. We also report on programs from health plans that address the needs of older members, including food insecurity, transportation, social isolation and in-home monitoring.

Who Pays for Senior Care

A common misunderstanding is that Medicare pays for long-term care. Original Medicare covers short-term skilled nursing and home health care under specific conditions, but it does not pay for long-term custodial care, the help with daily activities such as bathing and dressing that many older adults eventually need. Medicaid is the largest public payer of long-term care for people who qualify, and some Medicare Advantage plans now offer limited supplemental benefits for in-home support.

For coverage details, see our Medicare and Medicaid and CHIP sections. Provider news from hospitals and post-acute care appears in Hospitals and Health Systems, aging-in-place technology appears in Health Technology and AI, and research on conditions such as Alzheimer's disease appears in Public Health and Research.

The latest senior care news appears below, newest first.

New Survey Process Will Drive Quality Improvements in Nursing Homes: Kansas Governor and New AHCA President

Posted on September 29, 2010 Written by Editor

SOURCE: Medline Industries, Inc.

Governor Mark Parkinson Speaks to 150 Long-Term Care Leaders Exploring Changing Expectations for Quality Resident Care

MUNDELEIN, IL–(Marketwire – September 29, 2010) –  Despite traditional differences among the chief constituents of long-term care, the new survey process can be a “win-win” for everyone, which will drive significant quality improvements in our nation’s nursing homes, said Kansas Governor Mark Parkinson and the incoming president of the American Health Care Association and National Center for Assisted Living (AHCA/NCAL), the nation’s largest long-term care association. Governor Parkinson made these comments while speaking at Medline Industries, Inc.’s second annual Long-Term Care Quality Summit, in New York City. More than 150 leaders from the nation’s long-term care community are attending the two-day forum focused on how nursing homes can meet the changing expectations for quality among their residents and families.

“Historically there has been mistrust among providers, regulators and advocacy groups over the traditional survey process and what its goals are,” said Governor Parkinson. “But I am optimistic now because we all want quality care in our nursing homes, and the new Quality Indicator Survey (QIS) process can help make this happen.”

Governor Parkinson said the QIS is more objective than the traditional survey process and focuses on important quality criteria, including a robust care plan, promoting a safe environment and keeping residents active. He emphasized that for resident quality to improve, it was crucial that these criteria be measured and homes be held accountable to maintaining high standards.

In addition to Governor Parkinson, topics being discussed at the Summit include the changing regulatory expectations for the long-term care industry and how nursing homes can implement a system to continuously improve quality of care and life for their residents.

Other speakers include: Anthony Rodgers, new CMS Deputy Administrator for the Center for Strategic Planning; Robert F. Kennedy, Jr.; Andy Kramer, MD, chief executive officer of Nursing Home Quality and professor of medicine, University of Colorado; Neil Pruitt, Jr., chairman and CEO, UHS Pruitt Corporation; Jim Foy, president and CEO, St. John’s Riverside Healthcare System, Yonkers, NY; Barbara Baylis, senior vice president of clinical operations, Kindred Healthcare, Inc.; Mary Ousley, president of Ousley & Associates; Elizabeth Ayello, president of Ayello, Harris and Associates; and Kevin Yankowsky, partner in the health law litigation group of Fulbright & Jaworski L.L.P.

About Medline Industries, Inc. 
Medline, the nation’s largest privately held manufacturer and distributor of healthcare products, manufactures and distributes more than 100,000 products to hospitals, extended-care facilities, surgery centers, home care dealers and agencies. Headquartered in Mundelein, Ill., Medline has more than 900 dedicated sales representatives nationwide to support its broad product line and cost management services.

Over the past five years, Medline has been the fastest-growing distributor of medical and surgical supplies in the U.S., serving as the primary distributor to over 450 major hospitals and healthcare systems. As a leading distributor, Medline offers a comprehensive array of consulting and management services encompassing the supply chain and logistics, utilization and standardization, business tools and enhanced reporting capabilities and on-staff clinicians.

Media Contacts:
Jerreau Beaudoin
(847) 643-3011
John Marks
(847) 643-3309

Filed Under: Senior Care

Ziegler Announces New Head of Healthcare Finance Practice

Posted on September 27, 2010 Written by Editor

SOURCE: Ziegler

John Hanley Promoted

CHICAGO, IL–(Marketwire – September 27, 2010) –   Ziegler (PINKSHEETS: ZGCO), a specialty investment banking firm serving hospital and healthcare systems clients since 1928, announced the promotion of John Hanley to the head of its healthcare investment banking practice. Hanley, most recently a managing director in Ziegler’s healthcare practice, will lead the healthcare team in its continued delivery of capital advisory and investment banking services to non-profit hospitals and healthcare systems throughout the country.

Tom Paprocki, CEO of Ziegler, comments about Hanley’s promotion, “John has been an integral part of our healthcare team at Ziegler for many years. He’s an excellent relationship banker and has consistently demonstrated the leadership and vision necessary to head-up our healthcare practice.”

Hanley offered, “Ziegler’s continuous commitment to the healthcare industry over the past 75+ years has resulted in many long-established relationships and new business opportunities. In addition, the expansion of our sales and trading business over the past two years has provided significantly enhanced bond distribution for our clients. I am very excited to have the opportunity to lead our team going forward.”

For more information about Ziegler, please visit us at www.Ziegler.com.

About Ziegler:
The Ziegler Companies, Inc. (PINKSHEETS: ZGCO) together with its affiliates (Ziegler) is a specialty investment bank with unique expertise in complex credit structures and advisory services. Nationally, Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of healthcare, senior living, religion and education finance, as well as corporate finance and FHA/HUD. Headquartered in Chicago, IL with regional and branch offices throughout the U.S., Ziegler creates tailored financial solutions including bond financing, advisory, private placement, seed capital, M&A, risk and asset management. Ziegler serves institutional and individual investors through its wealth management and capital markets distribution channels.

Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.

Leslie Lynch
312-596-1630
Email Contact

Filed Under: Senior Care

Kansas Governor and New CMS Deputy Administrator Keynote Medline’s Long-Term Care Summit

Posted on September 24, 2010 Written by Editor

SOURCE: Medline Industries, Inc.

More Than 150 Long-Term Care Leaders Attending Meeting to Explore Changing Expectations for Quality Resident Care

MUNDELEIN, IL–(Marketwire – September 24, 2010) –  Kansas Governor Mark Parkinson and new CMS Deputy Administrator for the Center for Strategic Planning Tony Rodgers will be the keynote speakers at Medline Industries, Inc.’s second annual Long-Term Care Quality Summit, September 27-29 in New York City. More than 150 leaders from the nation’s long-term care community are attending the two-day forum which is focused on how nursing homes can meet the changing expectations for quality among their residents and families. 

Through panel discussions, the Summit will also address the changing regulatory expectations for the long-term care industry and how nursing homes can implement a system to continuously improve quality of care and life for their residents.

Governor Parkinson was recently named the next president of the American Health Care Association and National Center for Assisted Living (AHCA/NCAL), the nation’s largest long-term care association. Rogers is also starting in a new position with CMS, where he is responsible for enterprise-wide strategic planning, Medicare and Medicaid research and demonstrations, policy research and development and CMS enterprise decision support.

Other speakers include: Robert F. Kennedy, Jr.; Andy Kramer, MD, chief executive officer of Nursing Home Quality and professor of medicine, University of Colorado; Neil Pruitt, Jr., chairman and CEO, UHS Pruitt Corporation; Jim Foy, president and CEO, St. John’s Riverside Healthcare System, Yonkers, NY; Barbara Baylis, senior vice president of clinical operations, Kindred Healthcare, Inc.; Mary Ousley, president of Ousley & Associates; Elizabeth Ayello, president of Ayello, Harris and Associates; and Kevin Yankowsky, partner in the health law litigation group of Fulbright & Jaworski L.L.P. 

About Medline
Medline, the nation’s largest privately held manufacturer and distributor of healthcare products, manufactures and distributes more than 100,000 products to hospitals, extended care facilities, surgery centers, home care dealers and agencies. Headquartered in Mundelein, IL, Medline has more than 900 dedicated sales representatives nationwide to support its broad product line and cost management services.

Medline has a growing network of 32 distribution centers around the country, as well as an expanding, dedicated transportation fleet with over 200 vehicles in a variety of sizes to fit customers’ specific delivery needs. The fleet is equipped with the latest navigation devices for enhanced order tracking and communication.

Media Contacts:
Jerreau Beaudoin
(847) 643-3011

John Marks
(847) 643-3309

Filed Under: Medicare, Senior Care

Sun Healthcare Group, Inc. Announces Proposed Refinancing

Posted on September 23, 2010 Written by Editor

SOURCE: Sun Healthcare Group, Inc.

IRVINE, CA–(Marketwire – September 23, 2010) –  Sun Healthcare Group, Inc. (NASDAQ: SUNH) (“Sun”) announced today that it intends to refinance its existing senior secured credit facilities with borrowings under a new senior secured credit facility to be entered into by SHG Services, Inc., a subsidiary of Sun (“SHG”). The new senior secured facility is expected to include a $60 million revolving credit facility, a $150 million term loan and a $75 million funded letter of credit facility. The refinancing, which is being undertaken in connection with Sun’s previously announced restructuring, is subject to market and other conditions, and there can be no assurances that these transactions will be consummated.

About Sun Healthcare Group, Inc.

Sun’s subsidiaries provide nursing, rehabilitative and related specialty healthcare services principally to the senior population in the United States. Sun’s core business is providing, through its subsidiaries, inpatient services, primarily through 166 skilled nursing centers, 16 combined skilled nursing, assisted and independent living centers, 10 assisted living centers, two independent living centers and eight mental health centers. On a consolidated basis, Sun has annual revenues of $1.9 billion and approximately 30,000 employees in 46 states. At June 30, 2010, SunBridge centers had 23,209 licensed beds located in 25 states, of which 22,427 were available for occupancy. Sun also provides rehabilitation therapy services to affiliated and non-affiliated centers through its SunDance subsidiary, medical staffing services through its CareerStaff Unlimited subsidiary and hospice services through its SolAmor subsidiary.

In May 2010, Sun announced a plan to restructure its business by separating its real estate assets and its operating assets into two separate publicly traded companies through a series of internal restructurings (the “Restructuring”), subject to the approval of stockholders and other conditions. In connection with the Restructuring, SHG will own and continue to operate all of Sun’s operating subsidiaries, with stockholders of Sun receiving a pro rata distribution of the stock of SHG (the “Separation”). Substantially all of Sun’s currently-owned real estate assets will be owned by Sabra Health Care REIT, Inc., a subsidiary of Sun (“Sabra”) and, immediately after the Separation, Sun will merge into Sabra. Following this merger, SHG will change its name to Sun Healthcare Group, Inc. The common stock of both companies is expected to trade on the NASDAQ Global Select Market. The Restructuring (including the Separation) is expected to be completed in the fourth quarter of 2010.

Forward-Looking Statement

Statements made in this release that are not historical facts are “forward-looking” statements (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties and are subject to change at any time. These forward-looking statements may include, but are not limited to, statements containing words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” “hope,” “intend,” “may” and similar expressions. Forward-looking statements in this release include all statements regarding our expected future financial position and results of operations, business strategy, the impact of reductions in reimbursements and other changes in government reimbursement programs, the timing and impact of the Separation and transactions related thereto, growth opportunities and plans and objectives of management for future operations. Factors that could cause actual results to differ are identified in the public filings made by Sun with the Securities and Exchange Commission and include changes in Medicare and Medicaid reimbursements; the impact that any healthcare reform legislation will have on our business; our ability to maintain the occupancy rates and payor mix at our healthcare centers; potential liability for losses not covered by, or in excess of, our insurance; the effects of government regulations and investigations; the significant amount of our indebtedness, covenants in our debt agreements that may restrict our activities and our ability to make acquisitions, to incur more indebtedness and to refinance indebtedness on favorable terms; our ability to accomplish the Separation and the transactions related thereto, the impact of the current economic downturn on our business; increasing labor costs and the shortage of qualified healthcare personnel; and our ability to receive increases in reimbursement rates from government payors to cover increased costs. More information on factors that could affect our business and financial results are included in our public filings made with the Securities and Exchange Commission, including our Annual Report on Forms 10-K and Quarterly Reports on Form 10-Q, copies of which are available on Sun’s web site, www.sunh.com. There may be additional risks of which we are presently unaware or that we currently deem immaterial.

The forward-looking statements involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control. We caution investors that any forward-looking statements made by Sun are not guarantees of future performance and are only made as of the date of this release. We disclaim any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements to reflect future events or developments.

Additional Information

In connection with the Separation, SHG has filed with the SEC a Registration Statement on Form S-1 and Sabra has filed with the SEC a Registration Statement on Form S-4, each containing an identical proxy statement/prospectus. The definitive proxy statement/prospectus will be mailed to Sun stockholders. Before making any voting or investment decision, Sun stockholders and investors are urged to read the proxy statement/prospectus and other documents filed with the SEC carefully and in their entirety when they become available because they will contain important information about the proposed transactions. Stockholders will be able to obtain these documents free of charge at the SEC’s web site at www.sec.gov. In addition, investors and stockholders of Sun may obtain free copies of the documents filed with the SEC by contacting Sun’s investor relations department at (505) 468-2341 (TDD users, please call (505) 468-4458) or by sending a written request to Investor Relations, Sun Healthcare Group, Inc. 101 Sun Avenue N.E., Albuquerque, N.M. 87109.

Sun and its directors and executive officers and other members of its management and employees may be deemed to be participants in the solicitation of proxies from the stockholders of Sun in connection with the transactions described in this release. Information about the directors and executive officers of Sun and their ownership of shares of Sun common stock are set forth in the Annual Report on Form 10-K for the year ended December 31, 2009, filed with the SEC on March 5, 2010, and in the definitive proxy statement relating to Sun’s 2010 Annual Meeting of Stockholders filed with the SEC on April 30, 2010. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of these participants will also be included in the definitive proxy statement/prospectus when it becomes available.

Contact:
Investor Inquiries
(505) 468-2341

Media Inquiries
(505) 468-4582

Filed Under: Senior Care

Media Alert: An Important Update on Stem Cell Research in Toronto

Posted on September 22, 2010 Written by Editor

TORONTO, ONTARIO–(Marketwire – Sept. 22, 2010) –

Attention: Health and Science Reporters, Assignment and Photo Editors. 

On September 23 2010, media are invited to an in-depth briefing with senior scientists on current stem cell research activity at the McEwen Centre for Regenerative Medicine. McEwen Centre Director, Dr. Gordon Keller will discuss eight “Accelerated Discoveries.” These are research initiatives that include a new project that will push the frontier forward for patients suffering from heart disease, the number one killer in the western world. 

Research at the McEwen Centre also holds important implications for diabetes, lung disease, diseases of the blood as well as neurodegenerative disease.

Please join us to learn more about this exciting research field. The tour will include an opportunity to interview senior scientists and gain new understanding of the latest developments in this cutting edge research. You are also invited to attend a Public Symposium on The Stem Cell Healthcare Revolution which follows the tour at 1:30 p.m. to 3:30 p.m.

Telephone interviews with senior scientists, the McEwens, and patient advocates can be arranged in advance.

Filed Under: Public Health and Research, Senior Care

The Harry and Jeanette Weinberg Foundation Announces $10 Million Gift for Levindale Elderly Care

Posted on September 21, 2010 Written by Editor

SOURCE: The Harry and Jeanette Weinberg Foundation

Largest Such Donation in Foundation History

BALTIMORE, MD–(Marketwire – September 21, 2010) –  The Harry and Jeanette Weinberg Foundation, one of the largest private foundations in the United States, today celebrates the largest gift to a long-term care center in the Foundation’s history.

The $10 million pledge is part of a $31 million construction project at Levindale Hebrew Geriatric Center and Hospital that will set a new standard for excellence in elder care. The occasion will be marked with a ceremony Tuesday, September 21, at 5 p.m. on the newly named Harry and Jeanette Weinberg campus at Levindale.

“Harry Weinberg was always concerned about the lives of poor older adults, and his commitment is carried out by the Foundation which bears his name,” said Barry I. Schloss, the Foundation treasurer, and one of its trustees. “The Foundation is proud to partner with Levindale on this groundbreaking project.”

With completion expected in the spring of 2012, the new Levindale will be a cheerful, inviting residence providing a comfortable, elegant and friendly atmosphere.

The Harry and Jeanette Weinberg Foundation is dedicated to assisting the poor, meeting basic needs such as shelter, nutrition, and health with special emphasis on older adults and the Jewish community.

About The Harry and Jeanette Weinberg Foundation
The Harry and Jeanette Weinberg Foundation annually distributes approximately $100 million to a wide range of charitable organizations. The Foundation is dedicated to assisting the poor through operating and capital grants to direct service organizations primarily located in Maryland, Hawaii, Northeastern Pennsylvania, New York, Israel, and the Former Soviet Union. Grants are focused on meeting basic needs such as shelter, health and socialization, nutrition, and on enhancing an individual’s ability to meet those needs. Within that focus, emphasis is placed on older adults and on the Jewish community. The trustees, some of whom also serve as executive officers of the Foundation, are Alvin Awaya, Judge Ellen M. Heller, Robert T. Kelly, Jr., Barry I. Schloss, and Chair of the Board Donn Weinberg. Rachel Monroe serves as the Weinberg Foundation’s President. For more information please go to www.hjweinbergfoundation.org.

Media Contact:
Craig Demchak
443-738-1159
Email Contact

Filed Under: Senior Care

Asbury Place Maryville Breaks Ground on St. Clair Apartments

Posted on September 21, 2010 Written by Editor

SOURCE: Asbury Place – Maryville

MARYVILLE, TN–(Marketwire – September 21, 2010) –  Asbury, Inc. announced that it will break ground on its St. Clair Apartments project at Asbury Place Maryville today. The groundbreaking will take place at 10:00 a.m. at the Asbury Place Maryville campus, 2648 Sevierville Road, Maryville, TN. The ceremony will include local officials and staff. Staff members who have been with Asbury for twenty or more years will also be honored. The public is invited.

With an estimated construction cost of $6 million, St. Clair Apartments at Asbury Place includes 48 new residential apartment homes, a new Wellness Center and Dining Room, and renovations to the existing Clubhouse.

The apartments will range in size from 900 to more than 1700 square feet, and residents have a choice of 1, 2 or 3-bedroom floor plans with walk-in closets, full kitchens, telephone, internet and cable hookups, built-in garbage disposals, dishwashers, washers and dryers and central heating and air. Other features include choice of interior colors, window treatments, skylights on upper floors, pocket doors, tray ceilings, optional fireplaces, smoke detection and sprinklers, screened porches, elevators, and under building garages with automatic door openers.

The groundbreaking is a milestone in making true enhancements to the retirement lifestyle at Asbury. Bistro-style and private dining, a brand-new Wellness Center, and fitness classes combine to make tangible Asbury’s vision of a person-centered approach to overall wellness.

“St. Clair is a direct response to what people fifty-five and better are looking for in residences at a community. Residences are becoming more personalized and customized, and they have accents and finishes that rival other new home construction. Senior living communities are upgrading their wellness centers in response to more residents focusing on fitness and a dedication to staying healthy longer. Restaurant-style and quality dining is also now the norm, including having an executive chef, fresh ingredients and more menu choices,” said Joy Evans, The Asbury Group’s Regional Director of Marketing.

Tesa Brown, Asbury Place Maryville Executive Director, added, “This is a much-anticipated day for Asbury Place Maryville. Residents at St. Clair will have an active lifestyle, a better lifestyle, and it’s exciting to see all the planning become reality. Asbury Place Maryville has a full continuum of on-site care, and St. Clair is now a significant part of that.”

Joseph Construction of Knoxville is the construction consultant and anticipates as many as 125 workers will be employed for the project.

Reservations are now being accepted for the apartments, and a welcome center on the Asbury campus provides further information. For a limited time, those who reserve a new apartment home receive Charter Member benefits, including the best selection of residential living style and location, preferential pricing, and invitations to special Members-only events.

About Asbury, Inc.
Founded in 1956, Asbury, Inc. manages a network of not-for-profit retirement communities and health care centers for individuals fifty-five or better in Maryville, Kingsport, and Johnson City, Tennessee. For more information, please visit http://www.AsburyPlaceExpansion.com or call (865) 238-8304.

Contact:
Chuck Morris
Morris Creative Group LLC
[email protected]
(865) 637-9869 office
(865) 300-5669 cell

Click here to see all recent news from this company

Filed Under: Senior Care

Center for Technology and Aging Report Examines Technologies That Help Improve Transitions From Hospital to Home and Reduce Readmissions

Posted on September 16, 2010 Written by Editor

SOURCE: Center for Technology and Aging

OAKLAND, CA–(Marketwire – September 16, 2010) –  Every day thousands of patients are readmitted to hospitals because they did not get adequate follow-up care following their previous hospitalization. In fact, 18% of patients are readmitted to a hospital within 30 days of discharge — and as many as 76% of these readmissions are preventable. The most recent national figures on health care expenditures indicate that unplanned hospital readmissions cost Medicare $17.4 billion in a single year. In its latest report, “Technologies for Improving Post-Acute Care Transitions,” the Center for Technology and Aging examines how the use of a variety of existing technologies could dramatically reduce readmissions.

“Several technologies are widely available and have potential to support post-acute care transitions, but they are underutilized,” said David Lindeman, Ph.D., Director of the Center for Technology and Aging. “Home-use technologies help decrease readmissions in a variety of ways, including engaging patients and caregivers in ways that promote better communication, medication adherence, and monitoring of chronic conditions.”

The complete report is available for download at www.techandaging.org.

The report covers four post-acute care transition (PACT) technology focus areas. Included is information such as technology definitions, how they are used in the home, their impact on readmissions, and charts that compare basic features of various technologies.

  • Medication adherence technologies
    • Non-adherence is responsible for 33% to 69% of medication related hospital readmissions.
    • Four categories are described in a chart that lists sample technologies, pros/cons of each, market stage, economics, and what function each fills in the medication adherence spectrum.
  • Medication reconciliation technologies
    • “Med-rec” seeks to reduce adverse drug events. Twenty percent of discharged patients experience an adverse event and 2/3 of those are medication related.
    • A chart lists seven tools that help patients maintain an accurate list of medications, a description of each tool, and the organizations sponsoring them.

(More on medication optimization technologies is available in the Center’s report, “Technologies for Optimizing Medication Use in Older Adults.”)

  • Remote patient monitoring (RPM) technologies
    • A chart shows RPM capabilities and applications.
    • A discussion of the VHA’s use of and research on Health Buddy.
    • A chart describing seven popular remote patient monitoring devices: Health Buddy, Telestation, Genesis DM, Intel’s Health Guide, LifeView, Ideal LIFE Pod, and Healthanywhere.

(More information is available in the Center’s report, “Technologies for Remote Patient Monitoring in Older Adults.”)

  • Health information and communication technologies (ICT)
    • Personal health records and information — includes a description of the Stepping Stones Project of Whatcom County.
    • Web-based social networking — including a description of Tyze, www.tyze.org, which provides secure, online personal support networks.
    • Remote training and supervision technologies — includes a description of Rest Assured, and a Visiting Nurse Service of New York demonstration project.

According to the report, ICT enables timely access to vital health information. It points out that when ICT is used in conjunction with devices that monitor health parameters in the home, care becomes continuous rather than episodic. And, according to Dr. Lindeman, “care becomes patient-centered, rather than facility-centered.”

The report includes a description of four well-known care transition models with varying use of home-based technologies. The models are: the Care Transitions Intervention (www.caretransitions.org), Guided Care (www.guidedcare.org), the Transitional Care Model (www.innovativecaremodels.com/care_models/21/overview), and Geriatric Resources for Assessment and Care of Elders (www.medicine.iupui.edu/iucar/research/grace.asp).

The Center for Technology and Aging (www.techandaging.org) supports more rapid adoption and diffusion of technologies that enhance independence and improve home and community-based care for older adults. Through grants, research, public policy involvement and development of practical tools and best practice guidelines, the Center serves as an independent, non-profit resource for improving the quality and cost-effectiveness of long-term care services. The Center was established with funding from The SCAN Foundation (www.thescanfoundation.org) and is affiliated with the Public Health Institute (www.phi.org) in Oakland, CA.

FOR MORE INFORMATION:
Daniel Danzig
925-254-6078
Email Contact

Click here to see all recent news from this company

Filed Under: Prescription Drugs and Pharmacy, Senior Care

Leisureworld Announces September Dividend

Posted on September 15, 2010 Written by Editor

MARKHAM, ONTARIO–(Marketwire – Sept. 15, 2010) – Leisureworld Senior Care Corporation (TSX:LW) today announced that the Company’s dividend for September, 2010 will be $0.0708 per share, representing $0.85 per share on an annualized basis. Payment will be made on October 15, 2010 to shareholders of record September 30, 2010.

About Leisureworld

Leisureworld is the third largest licensed long-term care (LTC) provider in Ontario. The Company owns and operates 26 LTC homes, representing approximately 4,314 beds across Ontario, Canada. Leisureworld also owns and operates one retirement home with 29 beds and one independent living home with 53 apartments. Leisureworld subsidiaries include: Preferred Health Care Services, an accredited provider of professional nursing and personal support services, Ontario Long Term Care, a provider of purchasing services, dietary, social work, and other regulated health professional services, and Tealwood Developments, a provider of laundry services to the Leisureworld Homes.

Filed Under: Senior Care

SeaBridge Freight Corp. Completes Business Combination With TrinityCare Senior Living, Inc.

Posted on September 14, 2010 Written by Editor

SOURCE: TrinityCare Senior Living, Inc.

PALMETTO, FL–(Marketwire – September 14, 2010) –  TrinityCare Senior Living (OTCBB: TCSR) today announced that it has completed the transaction anticipated in a definitive agreement for a business combination via the acquisition of 100% of the outstanding capital stock of SeaBridge Freight, Inc., a Tampa Bay area based company which is the pioneer in creating the U.S. Marine Highway Industry, providing the most environmentally friendly, safe, cost efficient container-on-barge, blue water, intermodal freight service through geographical advantaged routes. The stockholders of SeaBridge received newly issued shares of common stock of TrinityCare; management of SeaBridge assumed their role as management of TrinityCare and commenced the process of changing the corporate name to SeaBridge Freight Corp.

“This business combination with SeaBridge Freight is a significant milestone for TrinityCare Senior Living, Inc. that is crucial to the future success of the Company. We fully believe in their business model providing smart, efficient and environmentally friendly freight services to strategic markets, and are excited to be part of the future of SeaBridge Freight as shareholders,” stated Donald W. Sapaugh, former Chairman and Chief Executive Officer of TrinityCare Senior Living, Inc.

About TrinityCare Senior Living

TrinityCare Senior Living (“TrinityCare”) develops, owns, and manages quality senior living facilities that focus on enriching the faith of the residents and providing state-of-the-art independent living, assisted living, memory care and adult day care services in a single location. TrinityCare operates three facilities in Texas and Tennessee. For more information please visit www.trinitycare.com.

About SeaBridge Freight Corp.

SeaBridge Freight Corp. is the pioneer in creating the U.S. Marine Highway Industry, providing the most environmentally friendly, safe, cost efficient container-on-barge, blue water, intermodal freight service through geographical advantaged routes. The Company provides container-on-barge, break-bulk and out-of-gauge freight transport service between Port Manatee of Tampa Bay, FL and Port Brownsville, Texas. Utilizing a direct water route that is drastically shorter than a land route, the Company presents a more environmentally friendly alternative that economically connects the Mexico/ South Texas and Southeastern US markets. As a reliable alternative freight transportation option for shippers the Company’s services can be integrated with third party logistics providers, truckers and intermodal rail carriers to significantly lower freight costs. SeaBridge Freight Corp is headquartered in Palmetto, Florida.

Forward-Looking Statements

The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements related to the future financial performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful execution of growth strategies, product development and acceptance, the impact of competitive services and pricing, general economic conditions, and other risks and uncertainties described in the Company’s periodic filings with the Securities and Exchange Commission.

For Additional Information, Please Contact:
Donald W. Sapaugh
Or
Tyson Wallis
Public Relations
281-482-9700

Filed Under: Senior Care

Elsass Elected to U.S. RE Companies Board

Posted on September 13, 2010 Written by Editor

SOURCE: U.S. RE Companies, Inc.

PEARL RIVER, NY–(Marketwire – September 13, 2010) –  Sanford “Sandy” Elsass, President of Uni-Ter Underwriting Management Corporation (UUMC), has been elected a Director of U.S. RE Companies, Inc., an international financial services and reinsurance brokerage firm, Tal P. Piccione, Chairman and Chief Executive Officer, announced.

UUMC is a subsidiary of U.S. RE Companies that builds and manages Risk Retention Groups in the healthcare industry. The RRGs provide general and professional liability insurance to long-term care facilities, physicians/surgeons, nurses, other healthcare professionals, and related businesses in 48 states. Elsass joined the U.S. RE Group in 2002. He also serves as a senior officer of U.S. RE.

“Sandy Elsass has built Uni-Ter into a major profit center. His rich experience in brokerage management and investment banking will be invaluable to our Board as U.S. RE grows,” Piccione said.

Elsass has been in the insurance industry and related business for 30 years. He serves currently as a Director of the Nevada Captive Insurance Association, the National Risk Retention Association, and Sunshine State Insurance Company of Florida. Prior to joining U.S. RE, he was an investment banker with Marsh Berry and Company. Earlier, he was President of Montgomery & Collins, a wholesale insurance broker that was sold to Marsh & McLennan. Elsass is a former Director of Wainwright Bank & Trust Company, Boston. He is a graduate of Ohio University.

For more information, contact
Mechlin Moore
MDM Communications
239-777-1595
Email Contact

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Filed Under: Senior Care

VHA Names Hare to Lead Regional Office Covering Alabama and Florida

Posted on September 8, 2010 Written by Editor

SOURCE: VHA

IRVING, TX–(Marketwire – September 8, 2010) –  VHA Inc., the national health care network, announced today that Cynthia Hare, vice president of performance improvement, is being promoted to senior vice president and executive officer over the VHA Southeast regional office, one of 16 VHA regional offices, effective Oct. 1, 2010. She will succeed Lee Lawrence, who will retire at year-end. Hare and Lawrence will collaborate to develop the leadership transition plan and develop a platform that allows VHA to continue to provide strategic support to its members in the region.

“Cynthia has directed VHA’s efforts to engage and support members in clinical performance improvement activities for 20 years. As result of her leadership, VHA members in Alabama and Florida have been among the first hospitals in the nation to implement rapid response teams and clinical improvement projects, making a significant impact on patient care and serving as models for hospitals across the nation,” said Byron Jobe, group senior vice president and chief financial officer at VHA. “Cynthia will continue to provide strong leadership for the region in her new role,” said Jobe.

Prior to joining VHA Southeast in May 1990, Hare worked for eight years with Andersen Consulting, now Accenture, in Tampa, Fla., where she managed large-scale information system installations, consulted on health care strategy planning, and managed the national installation of VHA’s clinical financial decision support system, gaining early insight into how VHA could help hospitals improve their decision making.

Hare earned her bachelor of science degree in biochemistry from Queens College in Charlotte, N.C., and her master’s degree in business administration from Florida State University in Tallahassee. While completing her undergraduate and graduate work, she worked as a medical technician at various hospitals.

Based in Tampa, Fla., VHA Southeast serves approximately 90 hospitals in Alabama and Florida.

About VHA
VHA Inc., based in Irving, Texas, is a national network of not-for-profit health care organizations that work together to drive maximum savings in the supply chain arena, set new levels of clinical performance and identify and implement best practices to improve operational efficiency and clinical outcomes. In 2009, VHA delivered record savings and value of $1.47 billion to members. Formed in 1977, through its 16 regional offices, VHA serves 1,400 hospitals and more than 30,000 non-acute care providers nationwide. VHA was ranked by Modern Healthcare as the 7th best place to work in health care in 2009.

Media Contact:
Lynn Gentry
Email Contact

Filed Under: Hospitals and Health Systems, Senior Care

AdCare Closes Lease of Three Additional Nursing Homes in Georgia, Adding $15.5 Million in Annualized Revenue

Posted on September 2, 2010 Written by Editor

SOURCE: AdCare

SPRINGFIELD, OH–(Marketwire – September 2, 2010) –  AdCare Health Systems, Inc. (NYSE Amex: ADK), a recognized innovator in senior living and health care facility management, has closed the lease of three nursing homes according to the previously announced agreement to lease five additional nursing homes in Georgia.

The three nursing homes, which have been leased under a 10-year term, have an aggregate of 280 beds that generate approximately $15.5 million in annualized revenue. With the addition of these three facilities and other transactions closed earlier in the year, AdCare’s estimated annualized revenue run-rate now exceeds $79 million, as compared to $26.7 million for the year ended 2009.

Upon closing of the lease transaction, AdCare provided the lessor $195,000 for the first month’s lease payment and a portion of the security deposit, with the balance of $337,000 to be paid over five months comprising the balance of the security deposit and an amount equal to two months lease payments.

“This transaction is the third we’ve closed since we began our M&A campaign at the end of last year,” said Chris Brogdon, AdCare’s vice chairman and chief acquisitions officer. “We expect all of these facilities to be significant cash generators for AdCare, especially as they come under our highly capable management and benefit from our larger economy of scale.”

“As we work toward closing the currently pending transactions we’ve announced, including the lease of the remaining two nursing homes in Georgia, additional opportunities continue to emerge in the southern region of the U.S.,” said Brogdon. “We are working to establish the terms and necessary financings for several new potential acquisitions in our pipeline of equal or greater potential.”

Brogdon joined AdCare last September when the company announced a new M&A growth strategy to build upon its strong reputation for operational efficiency and high-quality living environments.

About AdCare Health Systems
AdCare Health Systems, Inc. (NYSE Amex: ADK) is a recognized innovator in senior living and health care facility management. AdCare develops, owns and manages assisted living facilities, nursing homes and retirement communities, as well as provides home health care services. Since its inception in 1988, AdCare’s mission has been to provide the highest quality of healthcare services to the elderly. For more information about AdCare, visit www.adcarehealth.com.

Important Cautions Regarding Forward-Looking Statements
 
Statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of federal law. Such statement can be identified by the use of forward-looking terminology, such as “believes,” “expects,” “plans,” “intends,” “anticipates” and variations of such words or similar expressions, but their absence does not mean that the statement is not forward-looking. Statements in this announcement that are forward-looking include, but are not limited to, statements that the company expects all of these new facilities to be significant cash generators for AdCare. Such forward-looking statements reflect management’s beliefs and assumptions and are based on information currently available to management. The forward-looking statements involve known and unknown risks, results, performance or achievements of the Company to differ materially from those expressed or implied in such statements. Such factors are identified in the public filings made by the Company with the Securities and Exchange Commission and include the Company’s ability to secure lines of credit and/or an acquisition credit facility, find suitable acquisition properties at favorable terms, changes in the health care industry because of political and economic influences, changes in regulations governing the industry, changes in reimbursement levels including those under the Medicare and Medicaid programs and changes in the competitive marketplace. There can be no assurance that such factors or other factors will not affect the accuracy of such forward-looking statements.

Company Contact
Chris Brogdon, Vice Chairman & CAO
AdCare Health Systems, Inc.
Tel (937) 964-8974
Email: Email Contact

Investor Relations
Ron Both or Geoffrey Plank
Liolios Group, Inc.
Tel (949) 574-3860
Email: Email Contact

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Filed Under: Senior Care

Giving Birth in Toronto Will Never Be the Same

Posted on August 30, 2010 Written by Editor

TORONTO, ONTARIO–(Marketwire – Aug. 30, 2010) – Sunnybrook Health Sciences Centre will offer people a sneak peak of its greatly anticipated, new birthing facilities and neonatal intensive care units. Sunnybrook’s new facilities encompass more than 120,000 sq. ft. of space making it one of the largest and most comprehensive facilities of its kind in Canada. The Women & Babies Program will deliver 4,250 babies every year in this new space and will care for 1 of every 5 babies born in Ontario who weigh less than 3 pounds.

WHAT:   Welcome ceremony for Sunnybrook’s new Women & Babies Program and tour of the new facilities
     
WHO:   The Honourable Deb Matthews, Minister of Health and Long-Term Care
    The Honourable Kathleen Wynne, MPP, Don Valley West
    Dr. Barry McLellan, President and CEO, Sunnybrook Health Sciences Centre
    Dr. Andrew Shennan, Program Chief, Women & Babies Program, Sunnybrook
     
WHEN:   September 2, 2010, 11:15am to 12:30pm
     
WHERE:   Sunnybrook Health Sciences Centre, 2075 Bayview Avenue
    Take the main M wing elevators to the 5th Floor
     
WHY:   Because no other hospital has anything like it.

Filed Under: Senior Care

Extendicare REIT Announces Appointment to Board of Trustees

Posted on August 30, 2010 Written by Editor

MARKHAM, ONTARIO–(Marketwire – Aug. 30, 2010) – Extendicare Real Estate Investment Trust (“Extendicare REIT” or the “REIT”) (TSX:EXE.UN) today announced the appointment of Margery Cunningham, CFA, to its Board of Trustees, effective immediately, for a term to expire at the next annual meeting of unitholders, whereupon Ms. Cunningham will stand for election.

Margery Cunningham brings with her invaluable experience as a highly regarded analyst within the health care sector. Ms. Cunningham was with Lehman Brothers for 11 years beginning in 1997, most recently as Managing Director and Global Head of Product Training, overseeing training for over 28,000 employees. Prior positions with Lehman Bothers included, Associate Director of Credit Research, responsible for managing, training and developing new analysts and associates in the Fixed Income Credit Research Department, and as a High Yield Bond Analyst. As an analyst, Ms. Cunningham was a perennial Institutional Investor magazine all-star analyst in the high yield health care category. Her research career has spanned more than 20 years, including both equity and fixed income research for firms such as Kidder, Peabody & Co., and Paine Webber.

“Extendicare REIT is delighted to welcome Ms. Cunningham to its Board of Trustees,” said Mel Rhinelander, Chairman of Extendicare REIT. “Ms. Cunningham will be a valuable board member providing input and guidance as we develop strategies to position Extendicare REIT for continued success. Along with the additions earlier this year of Governor Howard Dean and Ben Hutzel, we feel we have taken important steps to add depth to our Board of Trustees.”

Ms. Cunningham received her A.B. in Applied Mathematics from Harvard University in 1980, and went on to receive an M.S. in Management with a concentration in Finance and Economics from the Sloan School of Management, Massachusetts Institute of Technology, in 1982. As well, she is a Chartered Financial Analyst.

About Us

Extendicare REIT is a leading North American provider of long-term and short-term senior care services through its network of owned and operated health care centers. We employ 37,800 qualified and experienced individuals dedicated to helping people live better through a commitment to quality service that includes post-acute care, rehabilitative therapies and home health care services. Our 263 senior care centers in North America have capacity for approximately 29,200 residents. Extendicare REIT is a specified investment flow-through trust (SIFT) that has been subject to the SIFT tax since January 1, 2007.

Forward-looking Statements

Information provided by Extendicare REIT from time to time, including this release, contains or may contain forward-looking statements concerning anticipated financial events, results, circumstances, economic performance or expectations with respect to the REIT and its subsidiaries, including its business operations, business strategy, and financial condition. Forward-looking statements can be identified because they generally contain the words “expect”, “intend”, “anticipate”, “believe”, “estimate”, “project”, “plan” or “objective” or other similar expressions or the negative thereof. Forward-looking statements reflect management’s beliefs and assumptions and are based on information currently available, and the REIT assumes no obligation to update or revise any forward-looking statement, except as required by applicable securities laws. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the REIT to differ materially from those expressed or implied in the statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on the REIT’s forward-looking statements. Further information can be found in the disclosure documents filed by Extendicare REIT with the securities regulatory authorities, available at www.sedar.com and on the REIT’s website at www.extendicare.com.

Filed Under: Healthcare Business, Senior Care

TrinityCare Announces Agreement With SeaBridge Freight, Inc.

Posted on August 26, 2010 Written by Editor

SOURCE: TrinityCare Senior Living, Inc.

FRIENDSWOOD, TX–(Marketwire – August 26, 2010) –  TrinityCare Senior Living, Inc. (OTCBB: TCSR), which develops, manages and owns faith-based senior living facilities, today announced the execution of an agreement with SeaBridge Freight, Inc., a Delaware company, which provides container-on-barge transport service between Port Brownsville, Texas and Tampa Bay, Florida.

“This agreement will create a change in focus for our public company, and a change we believe will be beneficial to our shareholders,” stated Donald W. Sapaugh, Chairman and Chief Executive Officer of TrinityCare Senior Living, Inc. “SeaBridge Freight, is a leader as a ‘Marine Highway,’ with revenues increasing each quarter this year. The company has excellent leadership and is poised to expand rapidly over the next year.”

This reorganization agreement has been approved by a majority of the shareholders of both companies, and further information will be available shortly.

About TrinityCare Senior Living, Inc.

TrinityCare Senior Living (“TrinityCare”) develops, owns, and manages quality senior living facilities that focus on enriching the faith of the residents and providing state-of-the-art independent living, assisted living, memory care and adult day care services in a single location. The Company partners with local churches and developers for each facility and offers a wide range of both community and personal services to residents. TrinityCare is a rapidly growing company with three successful facilities currently operating in Texas and Tennessee. Near-term expansion plans target the Southeastern part of the United States. For more information please visit www.trinitycare.com.

TrinityCare is headquartered in Friendswood, Texas (Houston metropolitan area) and its common stock trades on the OTC Bulletin Board under the symbol “TCSR.”

Forward-Looking Statements

The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements related to the future financial performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful execution of growth strategies, product development and acceptance, the impact of competitive services and pricing, general economic conditions, and other risks and uncertainties described in the Company’s periodic filings with the Securities and Exchange Commission.

For Additional Information, Please Contact:
Donald W. Sapaugh
CEO
Or
Tyson Wallis
Public Relations
281-482-9700

Filed Under: Senior Care

Radiologist Places Order for FONAR UPRIGHT Multi-Position MRI Instead of a 3 Tesla

Posted on August 24, 2010 Written by Editor

SOURCE: FONAR Corporation

MELVILLE, NY–(Marketwire – August 24, 2010) – FONAR Corporation (NASDAQ: FONR), the Inventor of MR Scanning™, announced the purchase of an UPRIGHT® Multi-Position™ MRI by a distinguished Board Certified radiologist in Florida. He is the owner operator of two multi-modality imaging centers equipped with MRIs.

“He was initially considering purchasing a 3 Tesla lie-down MRI,” said Raymond V. Damadian, M.D., president and founder of FONAR Corporation, “but decided instead to buy the FONAR UPRIGHT® Multi-Position™ MRI when he became aware of its many unique imaging capabilities.”

As he explained, “many of the physicians who send patients to our multi-modality medical imaging practices are surgeons who perform spine surgery. It is a very important specialty in medical practice since the second most common reason today, after the common cold, for visiting a doctor’s office is ‘back pain.’

“Each year, 40 to 60 percent of American adults suffer from chronic back pain. More than one million spine surgery procedures are performed annually, with medical costs to treat back pain approaching $24 billion per year. (http://nyp.org/news/hospital/spine-fusion-surgery.html).

“As of 2007, approximately 9 million of the 27.5 million MRIs performed each year in the U.S. are of the spine.

“Accordingly,” he said, “aware that the number one priority of all my referring spine surgeons is the best possible outcomes for their patients, I became convinced that the only technology capable of maximizing the surgical outcomes for my physician senders was to assure that they were able to see ALL of the pathology they had to address, not just part of it from a lie-down scanner in which the body weight has been removed.”

“The spine is a difficult region of anatomy for the surgeon,” he continued, “because as the principal weight-bearing structure of the body it shows its wear and tear degeneration early on. Consequently, degenerative changes of the spine are a normal concomitant of the aging process. This reality, however, from the surgeon’s perspective, can be confounding. Does he, for example, surgically address the degenerative loss of disc height and neural foramina narrowing at L1/2, the ‘spondy’ at L2/3, or the disc herniation at L4/5? It is evident that if a vertebral segment not responsible for the patient’s pain is subjected to surgery, the pain will not improve and there is even the risk that the patient’s clinical condition and pain could be made worse by carrying out surgery on the wrong segment.”

“Consequently,” he stated, “the key to a good surgical outcome is the success with which the degenerative changes responsible for the patient’s pain, are successfully separated from the degenerative changes that are not causing the patient’s pain, so that only those segments responsible for the patient’s pain are operated on.”

“Of all the commercially available MRI scanners,” he said, “the FONAR UPRIGHT® Multi-Position™ scanner is the only MRI that meets this need. What FONAR’s UPRIGHT® Multi-Position™ weight-bearing technology makes possible that no other scanner can accomplish is the ability for the radiologist to ask the patient to put himself in the position (standing, sitting, lateral bending, flexion, extension, rotation, etc.) that generates his pain, which no other scanner can do. A picture can then be taken with the patient in his actual pain generating position and then compared to a picture of the patient in an adjacent non-pain-generating position so that the correct pain generating anatomy can be unequivocally identified. This permits the surgeon to address only the anatomy segment generating the patient’s pain, and enables him to avoid surgery on segments not involved in pain generation. The ultimate result is excellent outcomes for the surgeons and their patients.

“A recumbent non-weight-bearing single-position MRI simply cannot meet this need. We see it as a critical need, if we are going to be successful in improving surgical outcomes for our patients.

“Also important to our surgeons is their ability to see their surgical results post-operatively, which the FONAR UPRIGHT® Multi-Position™ MRI can accomplish and the conventional MRI cannot. In the event of a less than optimal surgical outcome, or even an outcome that deteriorates over time, it is critical for the surgeon to be able to see post-operatively any hardware devices he may have implanted (e.g. artificial discs, pedicle screws, fusion rods, etc.) in order to address any surgical results that require further attention. Consequently, being able to clearly visualize installed implants in the post-operative spine is key for the surgeon to be able to address any further needs the patient might have.

“The FONAR scanner at 0.6 T meets this need of the surgeon since it is uniquely spared the magnetic susceptibility image artifacts that the 1.5 T and 3.0 T lie-down scanners generate. The implant artifacts obliterate the anatomy of the vertebral segments that are being imaged and make it impossible for the surgeon to discern the source of any persisting post-operative symptoms or pain that the patient might be experiencing.”

He also expressed the need to be able to provide the unique imaging capabilities provided by the FONAR UPRIGHT® scanner to distinguish his radiology practice from competing radiology centers. “The FONAR UPRIGHT® Multi-Position™ MRI is the quintessence of the technology for breaking existing referral patterns. By offering the unique capabilities of the FONAR UPRIGHT® MRI,” he stated, “and thereby distinguishing our radiology practice from competitors who market the same ‘me-too’ products, we would be bringing to our community a ‘Center of Excellence’ for imaging the spine. In so doing, we would be establishing for our community a COMPLETE radiology imaging service that could not be obtained elsewhere. Ultimately this would generate business for all of our imaging modalities. By offering a COMPLETE imaging service that includes all of FONAR’s new UPRIGHT® imaging technologies that are not available anywhere in our community, we would achieve ‘One Stop Shopping’ for our patients to address all of their imaging needs.”

“An example of one of the many unique imaging capabilities made possible by the FONAR UPRIGHT® Multi-Position™ fully weight-loaded imaging,” he continued, “is the ability to image, without x-ray, the 400,000 scoliosis patients that must be imaged UPRIGHT® 2 to 3 times per year to monitor their scoliosis treatment. The elimination of x-ray avoids the 70% increased incidence of breast cancer reported by the National Cancer Institute to be the result of the standard annual x-ray examinations of these patients (National Cancer Institute, www.cancer.gov and M. Morin Doody et al. Spine, 8/15/2000, Vol. 25, #16).

“Another example is the ability to scan small children and infants seated on their mother’s lap as they watch their favorite cartoon on the flat screen TV shipped with the system. This greatly reduces the number of children requiring anesthesia when MRI is needed and is a valuable feature of the FONAR UPRIGHT® that we will be bringing to our pediatric community.

“In addition, the ability to scan UPRIGHT® the large population of women suffering from the PFD (pelvic floor dysfunction) symptoms of cystitis, urinary incontinence and bowel dysfunction is another valuable benefit of the UPRIGHT® MRI. Because of the FONAR UPRIGHT® MRI, the cause of these dysfunctions can now be definitively shown on the MRI images and successfully treated surgically. These pelvic floor dysfunctions are the result of the cystic, vaginal, and rectal prolapses generated by the pelvic floor stresses of childbirth. They are readily visualized,” he said, “by the FONAR UPRIGHT® MRI but are not readily diagnosed by the gynecologist employing the conventional lie-down pelvic examination.”

“There are also now,” he stated, “a large number of patients suffering the consequences of automobile whiplash injuries (Brain Injury, July 2010; 24[7-8]:988) and the ‘fallen’ cerebellar tonsil syndrome (Chiari or CTE; cerebellar tonsil ectopia) that results. The ‘fallen’ cerebellar tonsils require UPRIGHT® imaging to be seen and cannot satisfactorily be visualized by a conventional lie-down MRI. It is another unique need met by the FONAR UPRIGHT® MRI capability.”

“In addition, there is now the power using FONAR’s new cerebro-spinal fluid (CSF) flow technology,” he said, “to create cinés of cerebro-spinal fluid flow, and in particular, to be able to create cinés of this CSF flow in the upright position so that the adequacy of CSF flow into the upright brain can be quantified and visualized. Imaging patients in the upright position assures there are no dynamic impairments to this vital cerebro-spinal function and enables their correction if it exists. With the recent increased incidence of automobile whiplash injuries (C.S.B. Galasko et al., J. Musc-Skel. Pain 2000, Vol. 8, No. 1-2, p. 15) and the cerebellar tonsillar ectopias (CTE) that result, it is critical to identify this pathology as soon as it occurs so it can be addressed before more dire consequences occur.”

“The ‘Thoracic Outlet Syndrome (TOS)’ is yet another symptom complex,” he further stated, “that can benefit from FONAR’s UPRIGHT® imaging technology. The ‘TOS’ patients can now be scanned upright in the FONAR UPRIGHT® Multi-Position™ MRI and placed in the positions that compress the brachial plexus and subclavian artery so that the pathologic anatomy causing the compressions can be visualized and specifically addressed surgically when necessary.

“There is also now the newly recognized Pelvic Congestion Syndrome (PCS) that needs the benefits of UPRIGHT® imaging. PCS is a symptom complex in women where pelvic pain arises secondary to venous congestion and pelvic varicosities. Prolonged standing, in particular, gives rise to the pain and has to be diagnostically distinguished from other causes of pelvic pain such as fibrosis and endometriosis. Placing the patient upright in the FONAR UPRIGHT® Multi-Position™ MRI can readily visualize the pain generating venous congestion and pelvic varicosities so that a definitive diagnosis can be achieved and treatment administered.

“Another valued application for the FONAR UPRIGHT® Multi-Position™ MRI scanner is its potential for evaluating the ‘runner’s knee’ syndrome, i.e. the Patella Femoral Pain Syndrome (PFPS). In the light of the current day practice of daily running exercise to achieve aerobic fitness, accurate diagnosis of the fully weight-loaded ‘runner’s knee’ in different degrees of flexion and extension, including single leg squats, is a growing need. The FONAR UPRIGHT® Multi-Position™ MRI makes possible the visualization of the cartilage contact surfaces of the knee, namely, the miniscal and articular cartilage surfaces that support the body’s weight and enable smooth motion of this dynamic weight-supporting structure. This enables the risks from any long-bone malalignments or patella tracking dysfunctions that give rise to ‘runner’s knee’ to be assessed and addressed before they result in a permanent debilitating osteoarthritis. University biomechanical specialists have recently been conducting research using the FONAR UPRIGHT® Multi-Position™ MRI to explore and better define the ‘runner’s knee’ condition and the ‘patellar tracking’ abnormalities that can aggravate it. The FONAR UPRIGHT® cinés of the fully weight-bearing knee make the multi-position dynamic visualization of ‘runner’s knee’ and the diagnostic analysis of it a reality.

“Particularly valuable to me as a radiologist,” he continued, “is FONAR’s new Correlated Slice Profile (CSP) technology. It takes the FONAR Multi-Position™ MRI technology to a new level. With FONAR’s Correlated Slice Profile (CSP) technology, each slice of a 15-slice multi-slice MRI scan of the spine appears on the radiologist’s screen (or film) adjacent to the images of the other positions of the same slice. By re-centering the slices prior to the image acquisition of a new position, the slices of each position scan remain correlated despite any shifts of the body axis that result from changes in body position. The radiologist can then view each slice of the scan in all 3 of its weight-bearing positions, neutral sit, flexion and extension, alongside the same slice from the recumbent position. This enables the radiologist to easily track a given pathology (e.g. a disc herniation or spondylolisthesis) through all of its four positions so the surgeon can be advised of the full range the patient’s spinal pathology (e.g. disc herniation, spondylolisthesis) traverses during the daily range of his/her body positions. By so doing, the surgeon sees the FULL EXTENT of the pathology he must address to get a good outcome.

“I agree with FONAR’s German customer who just ordered their 4th FONAR UPRIGHT® MRI because of their business success with FONAR’s new technology (Press Release, FONAR Corporation, August 3, 2010). We agree with them that FONAR’s UPRIGHT® Multi-Position™ MRI is indeed setting a new MRI ‘standard of care’ for a wide range of medical applications.”

For investor and other information visit: www.fonar.com.

UPRIGHT® and STAND-UP® are registered trademarks and The Inventor of MR Scanning™, Full Range of Motion™, pMRI™, Dynamic™, Multi-Position™, True Flow™, The Proof is in the Picture™, Spondylography™ Spondylometry™ and Upright Radiology™ are trademarks of FONAR Corporation.

This release may include forward-looking statements from the company that may or may not materialize. Additional information on factors that could potentially affect the company’s financial results may be found in the company’s filings with the Securities and Exchange Commission.

For information contact:

Allan Mercer
Senior Sales Executive
FONAR Corporation
877-694-2929 (toll free)
Email Contact

Daniel Culver
Director of Communications
FONAR Corporation
Email Contact
Tel: 631-694-2929
Fax: 631-390-1709
http://www.fonar.com/investor.htm

Filed Under: Hospitals and Health Systems, Senior Care

Futuremed Announces August 2010 Distribution

Posted on August 20, 2010 Written by Editor

CONCORD, ONTARIO–(Marketwire – Aug. 20, 2010) – Futuremed Healthcare Income Fund (TSX:FMD.UN) today announced the monthly cash distribution for August 2010 has been set at $0.0771 per unit, or $0.925 per unit on an annualized basis.

The distribution will be paid on September 15th, 2010, to unit holders of record as at August 31st, 2010.

Futuremed is Canada’s leading value-added distributor of consumable nursing home supplies and specialized furniture and equipment to the growing long-term care facilities sector.

Filed Under: Senior Care

Futuremed Announces August 2010 Distribution

Posted on August 20, 2010 Written by Editor

CONCORD, ONTARIO–(Marketwire – Aug. 20, 2010) – Futuremed Healthcare Income Fund (TSX:FMD.UN) today announced the monthly cash distribution for August 2010 has been set at $0.0771 per unit, or $0.925 per unit on an annualized basis.

The distribution will be paid on September 15th, 2010, to unit holders of record as at August 31st, 2010.

Futuremed is Canada’s leading value-added distributor of consumable nursing home supplies and specialized furniture and equipment to the growing long-term care facilities sector.

Filed Under: Senior Care

Big Players Team Up for Share of $6.6 Billion Molecular Imaging Market, Kalorama Information

Posted on August 20, 2010 Written by Editor

SOURCE: Kalorama Information

NEW YORK, NY–(Marketwire – August 20, 2010) –  The cost-savings associated with early disease detection and clinicians’ demand for better, more accurate diagnostic tools are key drivers for a predicted 5.8% yearly increase in the market for molecular imaging devices. According to a new report by healthcare market research publisher Kalorama Information, this market is expected to reach $6.6 billion by 2014.

Differing from traditional diagnostic tools, molecular imaging devices use biomarkers, which produce finer images that display molecular changes, allowing physicians to pinpoint diseases. Devices include nuclear medicine based PET, which renders metabolic information, and SPECT, which produces anatomical images. These devices are well known for their ability to detect the molecular basis of diseases, including neurological and cardiovascular based diseases. In tumors, they detect chemical signatures that provide an early warning. In addition, advances in these devices have recently helped to identify vulnerable plaque in at-risk cardiac patients. Kalorama notes that combining new molecular contrast agents with traditional diagnostic tools, such us Ultrasound, MRI and CT has enabled physicians to capture specific molecular pathways to track the progress of treatment. 

While rapid advances in molecular imaging devices are pushing growth, physicians are even quicker to demand better products with:

  • minimal invasiveness,
  • rapid imaging processing time,
  • low imaging cost,
  • low radiation dose, and
  • optimal resolution and contrast.

“Meeting the growing demand for a better molecular imaging device is a big driver for companies seeking to break into this market,” says Bruce Carlson, publisher of Kalorama Information. “The market could even grow further if physicians’ demands are met and we see a rise in patient confidence, as this could translate into more individuals opting in for these services.”

The adoption of molecular imaging equipment is not exclusive to physicians, according to Kalorama. Pharmaceutical and biotechnology companies are also utilizing molecular imaging equipment, as it allows them to test drug candidates in vivo for mechanisms, disposition and efficacy. The big players, such as Siemens, GE Healthcare, Phillips, and Toshiba are teaming up with contrast media companies to develop the next generation of molecular imaging equipment.

Kalorama Information’s report, “Molecular Imaging Markets (Market Intelligence Analysis of Market Opportunities in Molecular Imaging),” contains more information on market forecasts, company profiles, and trends in the molecular imaging market. The report is available at:
http://www.kaloramainformation.com/redirect.asp?progid=79480&productid=2613825.

About Kalorama Information
Kalorama Information supplies the latest in independent market research in the life sciences, as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on Twitter (http://www.twitter.com/KaloramaInfo) and LinkedIn (http://www.linkedin.com/groups?gid=2177845&trk=hb_side_g).

Filed Under: Senior Care

Big Players Team Up for Share of $6.6 Billion Molecular Imaging Market, Kalorama Information

Posted on August 20, 2010 Written by Editor

SOURCE: Kalorama Information

NEW YORK, NY–(Marketwire – August 20, 2010) –  The cost-savings associated with early disease detection and clinicians’ demand for better, more accurate diagnostic tools are key drivers for a predicted 5.8% yearly increase in the market for molecular imaging devices. According to a new report by healthcare market research publisher Kalorama Information, this market is expected to reach $6.6 billion by 2014.

Differing from traditional diagnostic tools, molecular imaging devices use biomarkers, which produce finer images that display molecular changes, allowing physicians to pinpoint diseases. Devices include nuclear medicine based PET, which renders metabolic information, and SPECT, which produces anatomical images. These devices are well known for their ability to detect the molecular basis of diseases, including neurological and cardiovascular based diseases. In tumors, they detect chemical signatures that provide an early warning. In addition, advances in these devices have recently helped to identify vulnerable plaque in at-risk cardiac patients. Kalorama notes that combining new molecular contrast agents with traditional diagnostic tools, such us Ultrasound, MRI and CT has enabled physicians to capture specific molecular pathways to track the progress of treatment. 

While rapid advances in molecular imaging devices are pushing growth, physicians are even quicker to demand better products with:

  • minimal invasiveness,
  • rapid imaging processing time,
  • low imaging cost,
  • low radiation dose, and
  • optimal resolution and contrast.

“Meeting the growing demand for a better molecular imaging device is a big driver for companies seeking to break into this market,” says Bruce Carlson, publisher of Kalorama Information. “The market could even grow further if physicians’ demands are met and we see a rise in patient confidence, as this could translate into more individuals opting in for these services.”

The adoption of molecular imaging equipment is not exclusive to physicians, according to Kalorama. Pharmaceutical and biotechnology companies are also utilizing molecular imaging equipment, as it allows them to test drug candidates in vivo for mechanisms, disposition and efficacy. The big players, such as Siemens, GE Healthcare, Phillips, and Toshiba are teaming up with contrast media companies to develop the next generation of molecular imaging equipment.

Kalorama Information’s report, “Molecular Imaging Markets (Market Intelligence Analysis of Market Opportunities in Molecular Imaging),” contains more information on market forecasts, company profiles, and trends in the molecular imaging market. The report is available at:
http://www.kaloramainformation.com/redirect.asp?progid=79480&productid=2613825.

About Kalorama Information
Kalorama Information supplies the latest in independent market research in the life sciences, as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on Twitter (http://www.twitter.com/KaloramaInfo) and LinkedIn (http://www.linkedin.com/groups?gid=2177845&trk=hb_side_g).

Filed Under: Senior Care

Big Players Team Up for Share of $6.6 Billion Molecular Imaging Market, Kalorama Information

Posted on August 20, 2010 Written by Editor

SOURCE: Kalorama Information

NEW YORK, NY–(Marketwire – August 20, 2010) –  The cost-savings associated with early disease detection and clinicians’ demand for better, more accurate diagnostic tools are key drivers for a predicted 5.8% yearly increase in the market for molecular imaging devices. According to a new report by healthcare market research publisher Kalorama Information, this market is expected to reach $6.6 billion by 2014.

Differing from traditional diagnostic tools, molecular imaging devices use biomarkers, which produce finer images that display molecular changes, allowing physicians to pinpoint diseases. Devices include nuclear medicine based PET, which renders metabolic information, and SPECT, which produces anatomical images. These devices are well known for their ability to detect the molecular basis of diseases, including neurological and cardiovascular based diseases. In tumors, they detect chemical signatures that provide an early warning. In addition, advances in these devices have recently helped to identify vulnerable plaque in at-risk cardiac patients. Kalorama notes that combining new molecular contrast agents with traditional diagnostic tools, such us Ultrasound, MRI and CT has enabled physicians to capture specific molecular pathways to track the progress of treatment. 

While rapid advances in molecular imaging devices are pushing growth, physicians are even quicker to demand better products with:

  • minimal invasiveness,
  • rapid imaging processing time,
  • low imaging cost,
  • low radiation dose, and
  • optimal resolution and contrast.

“Meeting the growing demand for a better molecular imaging device is a big driver for companies seeking to break into this market,” says Bruce Carlson, publisher of Kalorama Information. “The market could even grow further if physicians’ demands are met and we see a rise in patient confidence, as this could translate into more individuals opting in for these services.”

The adoption of molecular imaging equipment is not exclusive to physicians, according to Kalorama. Pharmaceutical and biotechnology companies are also utilizing molecular imaging equipment, as it allows them to test drug candidates in vivo for mechanisms, disposition and efficacy. The big players, such as Siemens, GE Healthcare, Phillips, and Toshiba are teaming up with contrast media companies to develop the next generation of molecular imaging equipment.

Kalorama Information’s report, “Molecular Imaging Markets (Market Intelligence Analysis of Market Opportunities in Molecular Imaging),” contains more information on market forecasts, company profiles, and trends in the molecular imaging market. The report is available at:
http://www.kaloramainformation.com/redirect.asp?progid=79480&productid=2613825.

About Kalorama Information
Kalorama Information supplies the latest in independent market research in the life sciences, as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on Twitter (http://www.twitter.com/KaloramaInfo) and LinkedIn (http://www.linkedin.com/groups?gid=2177845&trk=hb_side_g).

Filed Under: Senior Care

TomoTherapy Co-Founder and Chairman Rock Mackie to Be Honored at ESTRO 29 in Barcelona, September 12-16

Posted on August 19, 2010 Written by Editor

SOURCE: TomoTherapy

Mackie to Address Role of Imaging in the Future of Cancer Care in September 13 Lecture

MADISON, WI–(Marketwire – August 19, 2010) – TomoTherapy Incorporated (NASDAQ: TOMO), maker of advanced radiation therapy solutions for cancer care, announced today that its Co-Founder and Chairman of the Board, Thomas Rockwell “Rock” Mackie, Ph.D., will be awarded honorary membership into the European Society for Therapeutic Radiology and Oncology (ESTRO) at ESTRO 29, the organization’s bi-annual meeting, September 12-16, 2010 in Barcelona.

In addition to being honored for his scientific contributions to the field of radiation oncology, Dr. Mackie also will speak at the conference on September 13, 2010. Dr. Mackie’s lecture — titled “Can closing the visualization gap make cancer a chronic disease?” — will address how the integration of low dose, quantitative daily imaging into the radiation therapy treatment process can open opportunities for more aggressive, targeted and personalized approaches to cancer care.

Dr. Mackie’s lecture is part of a comprehensive scientific program created by ESTRO for its 29th bi-annual meeting. The program has been designed to offer the most relevant and cutting edge science and education in radiation oncology, radiation biology and radiation physics. With a focus on clinical trials, new technology and its clinical implementation, the conference is designed to promote interdisciplinary collaboration.

“I am very proud and humbled to be awarded an honorary membership to ESTRO, an organization committed to helping its members assess and understand new technologies through the lens of patient benefit,” said Dr. Mackie. “I look forward to attending the 29th bi-annual meeting in Barcelona, and to presenting my thoughts on the role of integrated imaging in modern radiation therapy.”

About TomoTherapy Incorporated 
TomoTherapy Incorporated develops, markets and sells advanced radiation therapy solutions that can be used to treat a wide variety of cancers, from the most common to the most complex. The ring gantry-based TomoTherapy® platform combines integrated CT imaging with conformal radiation therapy to deliver sophisticated radiation treatments with speed and precision while reducing radiation exposure to surrounding healthy tissue. TomoTherapy’s suite of solutions include its flagship Hi·Art® treatment system, which has been used to deliver more than three million CT-guided, helical intensity-modulated radiation therapy (IMRT) treatment fractions; the TomoHD™ treatment system, designed to enable cancer centers to treat a broader patient population with a single device; and the TomoMobile™ relocatable radiation therapy solution, designed to improve access and availability of state-of-the-art cancer care. TomoTherapy’s stock is traded on the NASDAQ Global Select Market under the symbol TOMO. To learn more about TomoTherapy, please visit TomoTherapy.com.

©2010 TomoTherapy Incorporated. All rights reserved. TomoTherapy, Tomo, TomoDirect, TQA, the TomoTherapy logo and Hi·Art are among trademarks, service marks or registered trademarks of TomoTherapy Incorporated in the United States and other countries.

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Filed Under: Senior Care

Symantec Health Successfully Validates With Siemens Healthcare PACS

Posted on August 19, 2010 Written by Editor

SOURCE: Symantec

Enhanced Third-Party Support Enables Healthcare Providers to Confidently Move Images to the Cloud

MOUNTAIN VIEW, CA–(Marketwire – August 19, 2010) –  Symantec Corp. (NASDAQ: SYMC) today announced the successful compatibility testing between Symantec Health, a cloud-based medical image archiving solution, and Siemens Healthcare’s picture archiving and communication system (PACS) solutions. The Siemens SYNGO Connectivity Competence Center (CCC), in collaboration with Symantec, conducted connectivity tests between Symantec Health and several Siemens imaging IT applications — syngo.plaza and syngo Imaging for Radiology, and syngo Dynamics for Cardiology. Symantec is the first DICOM archive — a standard for handling, storing, printing and transmitting information in medical imaging — to complete validation testing with Siemens’ new syngo.plaza agile PACS solution where 2D, 3D and 4D reading come together in one place.

Symantec Health helps lower storage costs by enabling healthcare providers to pay only for the storage capacity they use. Additionally, Symantec Health customers receive disaster recovery and business continuity capabilities through Symantec’s geographically distributed, highly available data centers. Symantec Health supports a healthcare organization’s existing workflow and serves as a complement to a provider’s existing PACS infrastructure, such as Siemens PACS solutions.

“Siemens places a high value on rigorous testing of third-party applications that interact with our PACS,” said Rik Primo, director of marketing and strategic relationships for SYNGO Americas at Siemens Healthcare. “Connectivity testing in our CCC lab with technologies like Symantec Health ensures that our customers can confidently use the two solutions without the need for onsite connectivity customization.”

“While the cost of raw storage is decreasing, providers have to factor in costs for personnel and data center space, software and maintenance agreements, backup and disaster recovery systems, and energy to power all of this. These contributing costs are often overlooked and are soaring,” said Lori Wright, vice president and general manager for Symantec Health. “Healthcare providers on average can achieve a savings of 25 to 50 percent by hosting image archives with Symantec Health.”

To help all healthcare providers regain control of their burgeoning storage requirements, Symantec designed Symantec Health to leverage existing standard protocols to interact with any PACS/RIS system. Symantec Health offers secure, affordable long-term image archiving to accommodate the growing number and size of medical images. Simultaneously, Symantec Health brings transparency to the storage environment through an on-demand dashboard showing storage consumption by modality and site. “This has been eye opening to many organizations that have a much more opaque view of this today,” Wright added.

Symantec Health image archiving also complements solutions from other third-party PACS vendors to augment a provider’s PACS infrastructure and provide business continuity in the event of a disruption or disaster.

About Symantec
Symantec is a global leader in providing security, storage and systems management solutions to help consumers and organizations secure and manage their information-driven world. Our software and services protect against more risks at more points, more completely and efficiently, enabling confidence wherever information is used or stored. More information is available at www.symantec.com.

About Siemens Healthcare
The Siemens Healthcare Sector is one of the world’s largest suppliers to the healthcare industry and a trendsetter in medical imaging, laboratory diagnostics, medical information technology and hearing aids. Siemens offers its customers products and solutions for the entire range of patient care from a single source — from prevention and early detection to diagnosis, and on to treatment and aftercare. By optimizing clinical workflows for the most common diseases, Siemens also makes healthcare faster, better and more cost-effective. Siemens Healthcare employs some 48,000 employees worldwide and operates around the world. In fiscal year 2009 (to September 30), the Sector posted revenue of 11.9 billion euros and profit of around 1.5 billion euros. For further information please visit: www.siemens.com/healthcare.

NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Room at http://www.symantec.com/news. All prices noted are in U.S. dollars and are valid only in the United States.

Symantec and the Symantec Logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.

CONTACT:
Pamela Reese
Symantec Corp.
+1 (424) 750 7858
[email protected]

Lacey Manning
Connect Public Relations
+1 (801) 373-7888
[email protected]

Filed Under: Hospitals and Health Systems, Senior Care

WesternU Capital Campaign Surpasses $35-Million Goal

Posted on August 18, 2010 Written by Editor

SOURCE: Western University of Health Sciences

POMONA, CA–(Marketwire – August 18, 2010) –  Western University of Health Sciences has surpassed its Capital Campaign goal of $35 million, but the work is far from over.

“We are very grateful for the support we have received for the Capital Campaign and, by extension, for our goal of building one of the most comprehensive academic health science centers in the nation,” said WesternU President Philip Pumerantz, PhD. “We also know that we must continue to build partnerships and raise awareness of our innovative programs, world-class facilities and skilled faculty and students.”

The Capital Campaign had a six-year goal of raising $35 million by WesternU’s 35th anniversary in 2012, which was reached with two years to spare. The campaign has raised $36.5 million from about 1,600 donors as of July 2010. About $27 million has already been received, with the balance pledges to be paid before June 2012.

“This is real money that is in,” said Thomas Fox, PhD, Senior Vice President for Advancement. “Now we’ll see how far we can go.”

The Capital Campaign Case Statement set fundraising goals for specific categories, including $12.5 million for infrastructure, $8.75 million for student support and $7 million for faculty support. In the next two years, University Advancement will continue to raise money and ensure fundraising goals for each category are met, Fox said.

“Student scholarships are important. As we continue to emerge as a research organization, faculty support will be important,” he said. “With the Patient Care Center, health care strategy is another one we will look for as well.”

The Capital Campaign has reached out to new donors large and small. The $100 million campus expansion has helped raise interest in the Capital Campaign and provides many naming opportunities. The start of four new colleges in the past year allowed WesternU to tap into new prospects, Fox said.

“It is important to add donors,” he said. “We’re adding people who have never given to the university before. The message is getting out there.”

Contact:
Rodney Tanaka
Office: (909) 469-5402
E-mail: [email protected]

Filed Under: Senior Care

NCSBN Publishes Four New Research Briefs

Posted on August 18, 2010 Written by Editor

SOURCE: NCSBN

CHICAGO, IL–(Marketwire – August 18, 2010) –  The National Council of State Boards of Nursing (NCSBN® )(www.ncsbn.org) sets an ambitious research agenda designed to advance the science of nursing regulation. NCSBN recently added to its body of research with the publication of four new briefs titled, Report of Findings from the 2009 TUNING Analysis: A Comparison of U.S. and International Nursing Educational Competencies; Report of Findings from the 2009 Job Analysis of Nurse Aides Employed in Nursing Homes/Long-term Care, Hospitals/Acute Care and Community/Home Health Care Settings; Report of Findings from the Comparison of Entry-level Registered Nurses in the U.S. and Ontario, Canada; and Report of Findings from the Comparison of Entry-level Registered Nurses in the U.S. and British Columbia, Canada.

Report of Findings from the 2009 TUNING Analysis: A Comparison of U.S. and International Nursing Educational Competencies is an account of a new initiative that seeks to understand the role of nurses and nursing education from an international perspective. The goal of this study was to evaluate the consistency of nursing educational competencies globally.

Report of Findings from the 2009 Job Analysis of Nurse Aides Employed in Nursing Homes/Long-term Care, Hospitals/Acute Care and Community/Home Health Care Settings reports the importance ratings for activities performed by certified entry-level nurse aides/nursing assistants (NAs) employed in various health care settings. The findings from this study are used to evaluate the validity of the test plan, content outline and examination questions for the nurse aide certification examination.

Report of Findings from the Comparison of Entry-level Registered Nurses in the U.S. and Ontario, Canada compares entry-level nursing activities of U.S. registered nurses with a cohort from Ontario, Canada. The College of Nurses of Ontario (CNO) collaborated with NCSBN on this initiative.

Report of Findings from the Comparison of Entry-level Registered Nurses in the U.S. and British Columbia, Canada compares entry-level nursing activities of U.S. registered nurses with a cohort from British Columbia, Canada. The College of Registered Nurses of British Columbia (CRNBC) collaborated with NCSBN on this initiative.

NCSBN offers 48 volumes of research that include practice analyses and national surveys of the profession, covering topics such as nursing education and professional issues. Previously only available for purchase through NCSBN, these research briefs are now downloadable free of charge by visiting www.ncsbn.org.

The National Council of State Boards of Nursing (NCSBN®) is a not-for-profit organization whose members include the boards of nursing in the 50 states, the District of Columbia and four U.S. territories — American Samoa, Guam, Northern Mariana Islands and the Virgin Islands. There are also seven associate members.

Mission: NCSBN provides education, service and research through collaborative leadership to promote regulatory excellence for patient safety and public protection.

The statements and opinions expressed are those of NCSBN and not the individual member state or territorial boards of nursing.

National Council of State Boards of Nursing, Inc.
111 E. Wacker Drive, Suite 2900
Chicago, IL 60601-4277

Contact:
Dawn M. Kappel
Director, Marketing and Communications
312.525.3667 direct
312.279.1034 fax
Email Contact

Filed Under: Public Health and Research, Senior Care

GetWellNetwork Unveils the First Interactive Patient Care Solution Designed for Senior Patients

Posted on August 18, 2010 Written by Editor

SOURCE: GetWellNetwork

New GetWellNetwork for Seniors to Enhance Patient Experience and Improve Outcomes

BETHESDA, MD–(Marketwire – August 18, 2010) – GetWellNetwork, Inc., the leader in interactive patient care solutions, today announced a new solution — GetWellNetwork for Seniors — designed to improve senior patients’ hospital experience and outcomes. Based upon extensive patient and caregiver research, GetWellNetwork for Seniors addresses the impact of aging and the ability of the senior population to use technology in a hospital setting. Using the bedside TV, GetWellNetwork for Seniors enables elderly patients to easily take part in their care process and to affect their own health outcomes.

“Our hospital participated in the testing of the new GetWellNetwork for Seniors, and I was immediately impressed,” said Barb Ochsner, RN, clinical director, Medical Center of the Rockies, “Our patients really get it — they knew who their care team would be and appreciated having all the information available at their fingertips.”

Elderly patients often leave the hospital with incomplete knowledge of their medications, diagnosis, dietary regimens and safety information, all of which impact their overall health and recovery. The GetWellNetwork solution is a proven way to engage patients and to increase learning opportunities by giving patients the option to review medical information at their own pace and return to specific health information as many times as needed throughout their hospital stay. In addition, GetWellNetwork for Seniors supports important patient care priorities by providing easy and reliable access to information on medication, safety, health education, and services right from the patient’s bedside TV.

In addition to the vast array of care features, GetWellNetwork for Seniors accommodates the broad range of familiarity seniors have with consumer technology devices. It is specially designed so that little or no knowledge of computing is necessary to interact comfortably with the GetWellNetwork system. Design elements include large, high-contrast text and generous spacing between buttons so that it creates a friendly, comfortable experience for elderly patients. In addition, a subtle, audible tone notifies users when they have made a selection and on-screen messages alert patients when a task is complete.

“Coming off the R&D success of our GetWell Town for children, we took a similarly deep approach to understanding the senior population over the past two years to better meet their needs. We are proud to introduce GetWellNetwork for Seniors, which we believe will make a dramatic improvement in patient outcomes and quality of life for elderly patients,” said Michael O’Neil, CEO and founder, GetWellNetwork. “Effective patient education is the first step in ensuring a successful hospital stay and, more importantly, the critical link in promoting a full recovery and a healthy lifestyle when they return home.”

About GetWellNetwork, Inc.
GetWellNetwork, Inc. uses the bedside TV to entertain, educate and empower hospital patients and caregivers to be more actively engaged in their care. This patient-centered approach improves both satisfaction and outcomes for patients and hospitals. GetWellNetwork is the leader in interactive patient care solutions and exclusively endorsed by the American Hospital Association. More information about GetWellNetwork can be found at www.GetWellNetwork.com.

Media Contact:
Jenny Song
Corporate Communications
(703) 338-8434
Email Contact

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Filed Under: Hospitals and Health Systems, Senior Care

TrinityCare Senior Living, Inc. Announces Second Quarter Operating Results

Posted on August 17, 2010 Written by Editor

SOURCE: TrinityCare Senior Living, Inc.

Revenues Rise 10% and Gross Profit Increases 12% vs. Prior-Year Period

FRIENDSWOOD, TX–(Marketwire – August 17, 2010) – TrinityCare Senior Living, Inc. (OTCBB: TCSR) (the “Company”), which develops, manages and owns faith-based senior living facilities, today announced its operating results for the second quarter of 2010. 

For the six months ended June 30, 2010, the Company reported gross revenues of $3,461,586, which represented an increase of 10% when compared with gross revenues of $3,141,804 in the six months of 2009. Gross profit totaled $2,200,112, compared with $1,847,555 for the six months ended June 30, 2009. The Company’s gross profit margin reflected 62% of gross revenue in the most recent six month period, versus 65% in same period of the prior-year. The Company reported a net loss of ($402,191), or ($0.03) per share for the six months ending June 30, 2010, versus a net loss of ($721,167), or ($0.47) per share, in the prior-year period.

“This represents our fifth consecutive quarter of revenue growth, when compared with prior-year periods,” stated Donald W. Sapaugh, Chairman and Chief Executive Officer of TrinityCare Senior Living, Inc. “Our occupancy rates remain stable, and with revenues increasing, we expect the Company’s operating results to improve as we focus on controlling expenses. Existing operations are critical to our long-term success, and we have devoted significant resources to ensuring that our financial metrics improve in coming quarters. During the most recent quarter we have expanded our services to include management of facilities which are not owned by TrinityCare and we expect continued growth in that segment of our business in the near future.”

About TrinityCare Senior Living, Inc.

TrinityCare is a rapidly growing company that develops, owns and manages quality senior living facilities that focus on enriching the faith of residents while providing state-of-the-art independent living, assisted living, memory care and adult day care services in a single location. The Company partners with local churches and developers for each facility and offers a wide range of both community and personal services to residents. 

Headquartered in Friendswood, Texas, the Company currently operates three successful facilities in Texas and Tennessee. Near-term expansion plans are focused upon markets in the Southeastern U.S. For additional information, please visit www.trinitycare.com.

(Financial Highlights Follow)

  June 30     December 31,  
  2010     2009  
  (unaudited)        
ASSETS              
Cash and Restricted Cash $ 255,136     $ 310,119  
Accounts receivable   42,925       155,892  
Prepaid expenses   406,251       408,585  
  Total Current Assets   704,312       874,596  
               
Property and equipment   17,104,620       17,092,195  
Accumulated depreciation   (2,882,581 )     (2,590,874 )
  Net property and equipment   14,222,039       14,501,321  
               
Loan costs   247,155       233,716  
Accumulated amortization   (24,822 )     (13,058 )
  Net loan costs   222,333       220,658  
Project development costs   164,790       151,032  
Deposits and reserves   161,325       155,326  
  Total other assets   548,448       527,016  
               
  Total Assets $ 15,474,799     $ 15,902,933  
LIABILITIES              
Accounts payable $ 694,655     $ 538,665  
Accrued expenses   640,863       528,461  
Deferred revenue   195,228       547,091  
Line of credit   76,814       76,972  
Current portion of long-term debt   6,338,813       6,200,167  
  Total Current Liabilities   7,946,373       7,891,356  
               
Mortgage   11,210,536       11,515,270  
Notes payable and other debt   1,578,530       1,432,402  
Derivative liability   292,232       299,091  
  Total Long-Term Liabilities   13,081,298       13,246,763  
  Total Liabilities   21,027,671       21,138,119  
Commitments and contingencies   –       –  
               
EQUITY (DEFICIT)              
Preferred stock, $.001 par, 20,000,000 authorized:              
  Preferred stock A: none and 2,500 issued and outstanding   0       3  
  Preferred stock B: 3,000 and 3,000 issued and outstanding   3       3  
Common stock: $.001 par, 480,000,000 authorized; 12,623,884 and 11,578,284 issued and outstanding   12,624       11,578  
Additional paid in capital   4,841,428       4,467,471  
Accumulated Deficit   (9,253,612 )     (8,851,421 )
               
Total TrinityCare Senior Living, Inc.’s Stockholders’ Equity (Deficit)   (4,399,557 )     (4,372,366 )
Noncontrolling interest   (1,153,315 )     (862,820 )
  Total Equity (Deficit)   (5,552,872 )     (5,235,186 )
               
  Total Liabilities and Equity $ 15,474,799     $ 15,902,933  
               
               
   
               

 

  June 30  
           
  2010     2009  
Revenues:              
  Resident revenue $ 3,374,946     $ 3,081,276  
  Management Fees   15,000          
  Publication revenue   71,640       60,528  
    Total Revenues   3,461,586       3,141,804  
               
Direct Costs              
  Direct labor   942,200       940,545  
  Direct costs of operations   319,274       353,704  
    Total Direct Costs   1,261,474       1,294,249  
               
Gross Profit   2,200,112       1,847,555  
               
Operating Costs:              
               
Selling, marketing and advertising   80,619       100,390  
  Publishing   58,103       71,151  
  Payroll expenses   884,205       699,554  
  General and administrative   160,158       108,065  
  Professional   169,958       165,036  
  Insurance   101,624       103,928  
  Rent and facility   468,756       472,659  
  Depreciation   291,707       311,372  
    Total operating expenses   2,215,130       2,032,155  
               
Operating income (loss)   (15,018 )     (184,600 )
               
  Interest expense   576.528       545.217  
  Loan origination fees   –       –  
  Gain on derivative   (6,859 )     (8,650 )
               
Net loss before noncontrolling interest   (584,685 )     (721,167 )
               
Noncontrolling interest in net loss   182,494          
               
Net Loss $ (402,191 )   $ (721,167 )
               
               
Loss per share, basic and diluted $ (0.03 )   $ (0.47 )
               
Basic and diluted weighted average number of common shares   11,915,575       1,536,173  
               

 

For Additional Information, Please Contact:

RJ Falkner & Company, Inc.
Investor Relations Counsel at (830) 693-4400
or via email at [email protected]

Filed Under: Senior Care

James Lee Witt Named Senior Advisor at Zimek Technologies, Industry Leader in Infection Control and Biohazard Remediation

Posted on August 16, 2010 Written by Editor

SOURCE: Zimek Technologies

TAMPA, FL–(Marketwire – August 16, 2010) –  Zimek Technologies (www.zimek.com) is pleased to announce today the addition of James Lee Witt, Chief Executive Officer of Witt Associates, as Senior Advisor at Zimek, the industry leader in infection control and biohazard remediation systems. Witt was Cabinet-level Director of FEMA (Federal Emergency Management Agency) during the Clinton Administration.

As a Senior Advisor to Zimek Technologies, Witt will work closely with Advisory Board members including former Illinois State Senate President Emil Jones Jr.; Dr. Brad Spellberg, infectious disease specialist at the David Geffen School of Medicine at UCLA and Harbor-UCLA Medical Center; Dr. Peder Bo Nielsen, consultant in Microbiology with the United Kingdom’s North West London NHS Trust; and Dr. Lindsey Shaw, Assistant Professor of Molecular Microbiology at the University of South Florida.

“Zimek Technologies is thrilled to have James Lee Witt join our team,” stated Kurt Grosman, CEO of Zimek. “Having Mr. Witt onboard is a testament to the effectiveness of our products and the need for stronger decontamination protocols. He will provide unprecedented leadership in the growth of our company.” Zimek’s sophisticated three-dimensional touch-less decontamination technology is being implemented in many facilities nationwide to effectively prevent the spread of deadly viruses and bacteria.

Witt’s firm recently joined the support and recovery operations of Gulf Coast communities in the wake of the oil and gas spill in the Gulf of Mexico. Witt currently serves as a Special Advisor to the State of Louisiana, assisting with the nation’s largest long-term recovery effort in the aftermath of Hurricanes Katrina and Rita.Witt Associates, a public safety and crisis management consulting firm based in Washington D.C., focuses on disaster recovery and mitigation management services to state and local governments, educational institutions, the international community and corporations.

“There must be a stronger focus on prevention of infection, not just remediation after the infection occurs,” Witt added. “Decontamination can play a larger role in our efforts to combat deadly viral and bacterial infections, and is giving us a powerful new tool in the arsenal to fight biohazard attacks.”

Zimek Technologies, based in Tampa, Florida, has been developing and marketing its patented automatic Micro-Mist® decontamination technologies for more than five years. Zimek’s industry-leading technologies are used by the U.S. Department of Homeland Security, fire and EMS departments, healthcare facilities, public health agencies, transit systems, correctional facilities, and local law enforcement agencies across America.

Bob Mazza
310-994-4847
[email protected]

Filed Under: Senior Care

ONRAD Announces Participation in AHRA Annual Meeting

Posted on August 13, 2010 Written by Editor

SOURCE: ONRAD, Inc.

Industry-Leading Radiology Provider Will Showcase Complete Radiology Coverage Solution

RIVERSIDE, CA–(Marketwire – August 13, 2010) – ONRAD, Inc., a leading radiology services provider, announces its support for The Association for Medical Imaging Management (AHRA) by exhibiting at the 38th Annual Conference in National Harbor, MD. “We are pleased to be a part of the exhibition in 2010,” said Ryan Pahler, Director of Sales and Marketing at ONRAD. “We are always adding to our service offering and I look forward to sharing our newest solutions with the attendees at the conference.”

Visit ONRAD at Booth #424 to learn about the company’s complete radiology solution, which can include teleradiology services, technology consulting, subspecialty teleradiology interpretations, and professional radiology staffing. As a partner, ONRAD provides more than just teleradiology interpretations. The ONRAD executive team develops strategies to help each customer be more competitive in their local community.

Visitors at ONRAD’s AHRA booth can also register to win a Dell Inspiron Mini 10. At only three pounds, this Netbook is easy to take anywhere in the hospital. Those that can’t make it to the show can enter to win by subscribing to the ONRAD blog. The blog contains healthcare and radiology news and encourages participation from industry thought leaders. Subscribe to the blog and become part of a network of other radiology professionals focused on sharing ideas and improving their businesses. Subscribe to the ONRAD blog.

For more on this topic, visit: http://www.onradinc.com/?page_id=1867.

About ONRAD:

ONRAD is a full service physician-owned radiology provider offering customized radiology services including teleradiology solutions, professional staffing, and technology services. As a partner, ONRAD helps its customers increase profitability and improve patient care. Through a unique hybrid model that combines on-site staffing with supplemental teleradiology coverage, ONRAD can provide a significant cost savings.

About AHRA:

The Association for Medical Imaging Management (AHRA) is the professional organization representing management at all levels of hospital imaging departments, freestanding imaging centers, and group practice. Founded in 1973, AHRA’s 4000 members reach across the country and around the world. AHRA offers a complete slate of professional development programs including a comprehensive selection of educational conferences and seminars, networking opportunities, award winning publications, and the Certified Radiology Administrator (CRA) credential.

Contact:
Elizabeth Perley
800-848-5876 x2310
Email: [email protected]

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Filed Under: Hospitals and Health Systems, Senior Care

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