Company type | Public |
---|---|
NYSE: BKD | |
Industry | Senior living |
Founded | 1993 (Renton, Washington) |
Headquarters | Seattle, Washington |
Website | www |
Emeritus Corporation doing business as Emeritus Senior Living was a provider of independent living, assisted living, Alzheimer's care, and skilled nursing for seniors living in Emeritus communities throughout the United States. The company was founded in 1993, and was acquired by Brookdale Senior Living (the largest company in the industry at the time [1] ) in July 2014 after a $23 million punitive damages award against it in a civil lawsuit in 2013.
Emeritus specialized in assisted living services for seniors who need help with daily activities such as bathing, dressing, meals and medications management. Most communities also provided expert care for Alzheimer's and memory care residents, and offered respite stays for seniors who need short-term stays. Emeritus had locations in 47 states, with several facilities within each state. [2]
Company revenues were $1.57 billion in 2012. [3] As a result of the merger with Brookdale, Emeritus now manages 1,100 facilities in 46 states. [4]
An episode of Frontline which aired on July 30, 2013, documented the alleged neglect and physical abuses perpetrated on patients by employees of Emeritus. [5] In one civil lawsuit, Joan Boice et al v. Emeritus Corporation, a Sacramento, California jury found Emeritus liable for neglect which apparently resulted in the 2009 death of a patient; the jury assessed the company $23 million in punitive damages. [3] Following the broadcast, Emeritus established a website to dispute the allegations. [6]
A nursing home is a facility for the residential care of older people, senior citizens, or disabled people. Nursing homes may also be referred to as care homes, skilled nursing facilities (SNF) or long-term care facilities. Often, these terms have slightly different meanings to indicate whether the institutions are public or private, and whether they provide mostly assisted living, or nursing care and emergency medical care. Nursing homes are used by people who do not need to be in a hospital, but cannot be cared for at home. The nursing home facility nurses have the responsibilities of caring for the patients' medical needs and also the responsibility of being in charge of other employees, depending on their ranks. Most nursing homes have nursing aides and skilled nurses on hand 24 hours a day.
An assisted living residence or assisted living facility (ALF) is a housing facility for people with disabilities or for adults who cannot or who choose not to live independently. The term is popular in the United States. Still, the setting is similar to a retirement home, in the sense that facilities provide a group living environment and typically cater to an older adult population. There is also Caribbean assisted living, which offers a similar service in a resort-like environment.
HCA Healthcare is an American for-profit operator of health care facilities that was founded in 1968. It is based in Nashville, Tennessee, and, as of May 2020, owned and operated 186 hospitals and approximately 2,000 sites of care, including surgery centers, freestanding emergency rooms, urgent care centers and physician clinics in 21 states and the United Kingdom. As of 2023, HCA Healthcare is ranked #66 on the Fortune 500 rankings of the largest United States corporations by total revenue.
Kindred Healthcare was a post-acute healthcare services company that operated long-term acute-care hospitals and provides rehabilitation services across the United States.
Genesis HealthCare is a provider of short-term post-acute, rehabilitation, skilled nursing and long-term care services. According to data provided by the Centers for Medicare & Medicaid, as of November 1, 2023, Genesis owned or operated 290 skilled nursing facilities with 34,047 bed through 105 affiliates in 25 states in the United States. Genesis also supplies rehabilitation therapy to approximately 1,700 healthcare providers in 45 states and the District of Columbia. Genesis has approximately 80,000 employees. Genesis HealthCare is headquartered in Kennett Square, Pennsylvania.
In the United States, Medicare fraud is the claiming of Medicare health care reimbursement to which the claimant is not entitled. There are many different types of Medicare fraud, all of which have the same goal: to collect money from the Medicare program illegitimately.
ProMedica Senior Care, formerly HCR ManorCare Inc, is a major provider in the United States of both short-term post-acute and long-term care. As of 2020, it had more than 300 skilled nursing and rehabilitation centers, assisted living facilities hospice and home health care offices, and over 45,000 employees. The company is headquartered in Toledo, Ohio. In July 2007, it agreed to a $4.9 billion buyout offer from the private equity firm Carlyle Group. In 2018, HCR ManorCare filed for bankruptcy protection and agreed to be taken over by its landlord, Quality Care Properties and in April 2018, Quality Care Properties was acquired by a joint venture between Welltower and ProMedica. In November 2022, ProMedica announced it would end its joint venture with Welltower and would cede its 15% ownership of ProMedica Senior Care. Welltower announced a partnership with Integra Health shortly after which will take over control of all but 10 skilled nursing facilities from ProMedica. ProMedica will continue to operate the assisted living facilities gained under the original agreement.
William Mark Lanier is an American trial lawyer and founder and CEO of the Lanier Law Firm. He has led a number of high profile product litigation suits resulting in billions of dollars in damages, including Johnson & Johnson baby powder and Merck & Co.'s Vioxx drug.
As populations age, caring for people with dementia has become more common. Elderly caregiving may consist of formal care and informal care. Formal care involves the services of community and medical partners, while informal care involves the support of family, friends, and local communities. In most mild-to-medium cases of dementia, the caregiver is a spouse or an adult child. Over a period of time, more professional care in the form of nursing and other supportive care may be required medically, whether at home or in a long-term care facility. There is evidence to show that case management can improve care for individuals with dementia and the experience of their caregivers. Furthermore, case management may reduce overall costs and institutional care in the medium term. Millions of people living in the United States take care of a friend or family member with Alzheimer’s disease or a related dementia.
A Place for Mom, founded in 2000, is a privately held, for-profit senior care referral service headquartered in New York, New York. The company provides personal and professional assistance to families in search of senior care options. Their service is free to families. They are paid by the senior living communities and homecare providers on its platform. A majority of the company is owned since August 2017 by equity capital firms General Atlantic and Silver Lake. Insight Partners now owns a minority stake as part of the company's $175M capital raise in January 2022. Previously they used former Good Morning America host Joan Lunden in their advertising.
Brookdale Senior Living Solutions owns and operates retirement homes across the United States. The company was established in 1978 and is based in Brentwood, Tennessee. It is the largest operator of senior housing in the United States, with over 60,000 residents.
CertainTeed is a North American manufacturer of building materials for both commercial and residential construction and is a wholly owned subsidiary of Saint-Gobain SA, based in Paris.
Erickson Senior Living is an owner, manager and developer of retirement communities in the United States. It provides independent living, assisted living, memory and skilled nursing care, managing 20 campus-style retirement communities in 11 states. Headquartered in Catonsville, Maryland, it employs 14,000 people for 24,000 residents as of 2017.
The Jacksonville, Maryland, ExxonMobil gas leak case is a series of lawsuits against ExxonMobil as a result of a February 2006 underground gasoline leak from an ExxonMobil service station in Jacksonville, Maryland.
National HealthCare Corporation is an American healthcare services provider. The company was founded in 1971 and is based in Murfreesboro, Tennessee. The services of the company include long-term diverse nursing and rehabilitative care to healthcare centers, facilities and hospitals in 11 states primarily in the southeastern United States. As of December, 2011, the number of the health care centers that are operated by the company reached 75 with a total of 9,456 licensed beds. As of December 2013, the company owns and operates 69 nursing facilities, 15 assisted living centers, 5 living centers with 38 homecare programs.
TeamHealth is a physician practice in the U.S. founded in 1979 and based in Knoxville, Tennessee, pursuing medical outsourcing. Originally a provider of emergency department services, it is outsourcing physicians in emergency medicine, hospital medicine, anesthesiology, critical care, obstetrics, orthopedic surgery, general surgery, ambulatory care, post-acute care and medical call centers to approximately 2,900 acute and post-acute facilities nationwide. After numerous acquisitions in the 2010s it has become the largest market share in U.S. physician outsourcing. TeamHealth has affiliated partner companies, including D&Y Locum Tenens, Spectrum Healthcare Resources and AccessNurse.
Welltower Inc. is a real estate investment trust that invests in healthcare infrastructure. It is ranked 583rd on the Fortune 500. As of December 31, 2022, the company had investments in approximately 3,000 properties, all of which were in the United States, Canada, and the United Kingdom.
Granger Cobb was an American retirement community executive who built the largest assisted living company in the United States. From one retirement community and through four large mergers and acquisitions, Cobb became the president and chief executive officer of Emeritus Senior Living with 521 retirement communities employing 31,000 people nationwide. He served in that role until Emeritus was acquired by Brookdale Senior Living on July 30, 2014. Cobb became a member of the board of directors of Brookdale.
Caring.com is an online senior care platform based in Charlotte, North Carolina.
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