By Howard Gleckman, Contributor This week, the PBS program Frontline investigated care at the nation’s largest assisted living company— Corp. The program’s message was powerful—and highly controversial: Residents of some Emeritus facilities are dying as a result of poor care by insufficient and poorly trained staff and a lack of government regulation. …read more
Source: FULL ARTICLE at Forbes Latest
By Richard Eisenberg, Contributor
If you’re considering moving your parent into an assisted living facility or your mom or dad is one of the roughly 750,000 Americans already living in one, I implore you to watch Frontline’spowerful exposé, Life and Death in Assisted Living, premiering Tuesday, July 30, at 10 p.m. Eastern time on PBS (check local listings). Frontline will also be holding a chat about the program Wednesday, July 31, at 2 p.m. Eastern time; below, you can submit questions and attend the chat. …read more
Source: FULL ARTICLE at Forbes Latest
By Carolyn Rosenblatt, Contributor
Most assisted living facilities do just fine in providing an enriched social environment for our elders. Elders have help with activities of daily living, all meals provided, companionship and fun things to do. But not all are safe for your aging parent, particularly if he or she has dementia. Two recent California cases will shock you. I got a sick feeling in the pit of my stomach reading about them. I have a 90 year old mother in law who is planning a move to assisted living. …read more
Source: FULL ARTICLE at Forbes Latest
By Business Wirevia The Motley Fool
Filed under: Investing
Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Assisted Living Concepts Inc. (ALC)
NEW YORK–(BUSINESS WIRE)– Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Assisted Living Concepts Inc. (“Assisted Living” or the “Company”) (NYS: ALC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to private investment firm TPG in a deal valued at approximately $278 million. Under the terms of the proposed transaction, Assisted Living‘s Class A shareholders will receive $12.00 in cash for each share they own and the Company’s Class B shareholders will receive $12.90 in cash per share.
Request more information now by clicking here: www.faruqilaw.com/ALC . There is no cost or obligation to you.
The investigation focuses on whether Assisted Living‘s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Assisted Living‘s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.
If you own common stock in Assisted Living and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/ALC or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: 877-247-4292
Phone: 212-983-9330
KEYWORDS: United States …read more
Source: FULL ARTICLE at DailyFinance
Worried about your aging mom forgetting her medicine, falling or just missing her favorite TV show because she can’t work the remote? Here are 10 high-tech solutions named top “nana” technologies by Andrew Carle, director of George Mason University’s Program in Assisted Living and Senior Housing Administration. They could make mom’s life–and yours–a little easier. …read more
Source: FULL ARTICLE at Forbes Health
By Business Wirevia The Motley Fool
Filed under: Investing
Law Office of Brodsky & Smith, LLC Announces Investigation of Assisted Living Concepts, Inc.
BALA CYNWYD, Pa.–(BUSINESS WIRE)– Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Assisted Living Concepts, Inc. (“Assisted Living” or the “Company”) (NYS: ALC) relating to the proposed acquisition by private investment firm TPG (“TPG“).
Under the terms of the transaction, Assisted Living shareholders will receive only $12.00 in cash for each share of Class A Assisted Living stock they own and $12.90 in cash for each share of Class B Assisted Living stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Assisted Living for not acting in the Company’s shareholders’ best interests in connection with the sale process to TPG. The transaction may undervalue the Company and will result in a loss for many long term shareholders. For example Assisted Living stock traded at $14.05 as recently as August 2, 2012 and $19.17 on May 3, 2012.
If you own shares of Assisted Living stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com visiting http://brodsky-smith.com/547-alc-assisted-living-concepts-inc.html, by calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
877-LEGAL-90
investorrelations@brodsky-smith.com
http://brodsky-smith.com/547-alc-assisted-living-concepts-inc.html
KEYWORDS: United States North America Pennsylvania
INDUSTRY KEYWORDS:
The article Law Office of Brodsky & Smith, LLC Announces Investigation of Assisted Living Concepts, Inc. originally appeared on Fool.com.
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