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Post-Acute

Private equity firm Cascade Capital Group has purchased 29 Iowa nursing homes for $85 million, making it the largest nursing home sale in the state's history, according to an Oct. 21 report from the Iowa Capital Dispatch.

Peoria, Ill.-based OSF HealthCare is renaming one of its long-term rehabilitation hospitals to better align with hospital names throughout the system.

The Gerontology Institute at Atlanta-based Georgia State University has partnered with older adult care provider A.G. Rhodes to address the nursing home workforce shortage through the establishment of the Scholars With A.G. Rhodes at GSU program.

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On Oct. 9, Providence said it would sunset the augmentative and alternative communication specialty service at Providence Home Health Portland, resulting in the elimination of three speech-language pathologist positions. The three affected workers remain employed through Nov. 8, and the…

Waterbury, Conn.-based nursing facility Abbott Terrace Health Center is closing its doors and laying off staff after receiving notice from CMS that its participation in the Medicare and Medicaid programs was being terminated. 

St. Louis-based Ascension will open a $30 million inpatient rehabilitation facility on its Ascension Sacred Heart Pensacola (Fla.) medical campus, according to an Oct. 4 Pensacola News Journal report. 

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