Jay Grinney, the long-time CEO of HealthSouth who retired at year-end, is slated to receive two fishing rods and an $11.7 million package for his service, in addition to $7.3 million in total compensation for 2016,
Jay Grinney will retire from HealthSouth Dec. 31 after 12 years as president and CEO of the company. Chief Operating Officer Mark Tarr will succeed Grinney at the publicly traded company, which has expanded rapidly in recent years and now operates post-acute facilities and services in 34 states.
HealthSouth Corp. is looking to build its first rehabilitation hospital in North Carolina through a joint venture with Novant Health, a Winston-Salem-based network of physician clinics, hospitals and outpatient locations.
The CMS says it's well on its way to dragging hospital systems into the brave new world of risk-based contracting. The systems say, not really.
Just three years ago, billionaire hedge fund manager Larry Robbins fought tooth and nail for Community Health Systems' $7.6 billion takeover of Health Management Associates. Now he has lost faith in that massive hospital deal—and in the healthcare sector more broadly.
Executives recruited into the C-suites of for-profit healthcare companies can expect their bonuses and at-risk compensation to be increasingly pegged to performance on patient quality, safety and satisfaction, experts say.
Acquisitions boosted HealthSouth Corp.'s revenue last year as the post-acute company added hospitals and expanded into home care. And now, more deals, albeit modest, are expected in coming months.
Leaders of two big companies in rehabilitation, nursing home and home healthcare services say aren't worried about the financial impact of Medicare's efforts to target their sector for savings. That may surprise federal officials, who hope bundled payment initiatives will save money for the...
Breian Meakens has been named COO at the Accreditation Association for Ambulatory Health Care.
Debra Cafaro, CEO of Chicago-based Ventas, one of the country's largest healthcare-focused real estate investment trusts, discusses the strategy behind the recent acquisition of acute-care provider Ardent Medical Services, Ventas' plans for expansion and the outlook for the healthcare REIT sector.
Post-acute-care providers are adjusting their business plans to better navigate the changing terrain created by the Affordable Care Act, as reduced payment rates and consolidation pressure their industry.
HealthSouth Corp., a Birmingham, Ala.-based operator of inpatient rehabilitation hospitals, plans to spend $730 million to buy Richardson, Texas-based Reliant Hospital Partners, which operates 11 inpatient rehabilitation hospitals in three states.