Founded in 2006 Wellfount Pharmacy believed healthcare can be offered with higher quality and at lower cost, without compromise. Wellfount offeed a full range of medications and consulting services, directed toward a residents’ specific needs. Wellfount’s pharmacy team was focused on helping clients achieve improved resident outcomes, reduced re-hospitalizations, lower medication waste, and reduced overall costs, allowing […]
ProMedica finalized the transaction in 2018 that added HCR ManorCare operations to the ProMedica organization. HCR ManorCare, the nation’s second largest post-acute and long-term care provider, has enabled this partnership with ProMedica to significantly scale its system. The combined organization provides a wide breadth of services and capabilities, including: a hospital system, a physician group, […]
CVS Health executives, after poor fourth quarter and full year 2018 financial results as a result of its long-term care business, reaffirmed that the growth opportunity with Omnicare was always focused on the independent and assisted living spaces. CVS Health believes those opportunities still exist and are consistent with the company’s strategy of putting the […]
Long-term care-related mergers and acquisitions topped all other segments in healthcare for deal volume in 2018, according to a new report from PwC. Long-term care transactions represented 412 of 1,182 healthcare deals during the year, according to a report by the firm’s deals practice. Those transactions represented 35% of the volume — the largest percentage of any […]
Omnicare Remains a Burden for CVS Health
CVS Health’s Dilemma with Omnicare Continues. CVS Health is targeting upward of $150 million in “cost takeout opportunities.”
EHR in Skilled Nursing remains a Challenge