Opens Negotiations With $18.3 Billion Bid In what appears to be the industry’s worst-kept secret, Sanofi-Aventis (NYSE: SNY) has approached biotech giant Genzyme Corp. (NASDAQ: GENZ) with a takeover offer. Why it would do so, however, is no secret. Several of Sanofi’s...
Lawsuits, Verdicts, Reimbursement: Bracing For The Future Very few people remember what happened a little more than seven years ago, but in early 2003, an unknown entity (at least to the senior care world) stepped in at the last minute and snatched the remaining...
Who Wins? And What Can We Learn From The Clare Experience? On July 1, investors holding $91.5 million in bonds in The Clare at Water Tower, the struggling high-rise CCRC in downtown Chicago, overwhelmingly agreed to exchange their Series 2005 bonds for a package that...
Two Illinois CCRCs File For Bankruptcy Protection In April of this year, the bankruptcy court entered an order confirming the plan of reorganization of Erickson Retirement Communities and the sale of certain assets to Redwood Capital Investment. Many people thought...
A Total Of 223 Deals Announced Worth $46.2 Billion The second quarter of 2010 saw the announcement of 223 mergers and acquisitions in the health care industry. This figure represents a 3% increase over the 217 deals announced in the previous quarter, Q1:10, but a 6%...