NBH Sells Sweetwood, Sweet Brook

Northern Berkshire Healthcare has sold off Sweet Brook Care Centers and Sweetwood Continuing Care Community for $3.8 million to a company that operates a wide range of senior care facilities in New Jersey.

Aveta Completes Acquisition of PMC Medicare Choice in Puerto Rico

Aveta Inc., one of the leading companies focusing on Medicare Advantage and a leader in addressing the healthcare needs of the chronically ill, announced today that it has completed its acquisition of PMC Medicare Choice (PMC), a Medicare Advantage company and healthcare plan providing benefits in the 78 municipalities in Puerto Rico.

Straus Group Acquires a Controlling Interest in MMM Healthcare

The Straus Group today announced that it has acquired a controlling interest in MMM Healthcare, a Puerto Rico- based company, in a transaction valued at over $200 million. MMM Healthcare, founded in 2001, is currently the 10th largest Medicare Advantage plan in the United States and has been the fastest growing Medicare Advantage plan in the United States over the past 3 years.

Some Facts about Nursing Home Bankruptcies

Most of the facilities that have filed for Chapter 11 are part of a small handful of large multi-state chains. Bankruptcy charts prepared by the American Health Care Association showed that, as of May 4, 2000, 1460 of 1651 facilities in bankruptcy were part of four multi-state chains (Sun Health Care, Vencor, Mariner, and IHS). The bankruptcy charts do not reflect the June bankruptcy filing of Genesis.