January 18, 2017 1:05 AM ET

Healthcare Providers and Services

Company Overview of Golden Living, LLC

Company Overview

Golden Living, LLC, through its subsidiaries, operates nursing facilities that offers post-acute healthcare services in the United States. It owns and operates skilled nursing/personal care/retirement living centers that provide short-term therapy, after surgery, and medical care or Alzheimer's care services. The company also provides rehabilitation therapy services, such as physical therapy, occupational therapy, speech therapy, joint replacement therapy, rehabilitation, and home health care services; and hospice care and palliative medical services. In addition, it offers healthcare staffing and group purchasing services for the healthcare industry. Golden Living, LLC was formerly known as...

5220 Tennyson Parkway

Suite 400

Plano, TX 75024

United States

Founded in 2005

Phone:

972-372-6300

Key Executives for Golden Living, LLC

Chief Executive Officer and President
Age: 65
Chief Financial Officer and Executive Vice President of Strategic Planning
President of Aegis Therapies
Age: 64
President of Aseracare
Compensation as of Fiscal Year 2016.

Golden Living, LLC Key Developments

Golden Living Prepares for First Round of Layoffs

Golden Living will begin “the first of several layoffs” in Fort Smith in November 2016. The first round of layoffs, set to begin Nov. 21 or Dec. 13, includes 27 positions.

Pennsylvania Attorney General Files Legal Action against Golden Living

The Pennsylvania attorney general filed legal action against Golden Living for allegedly failing to provide basic services at nursing homes in her state. Its subsidiaries are commonly known as Golden Living Centers, of which 14 are named in the lawsuit. The lawsuit alleges violations of the Unfair Trade Practices and Consumer Protection Law by deceiving consumers through marketing practices. The legal action seeks permanent injunctive relief prohibiting Golden Living from engaging in the allegedly deceptive and unlawful business of which it is accused. In addition, it seeks $1,000 per violation of the law, or up to $3,000 for every violation involving a person 60 years old or older. The action also seeks restitution for consumers, injunctive relief and costs of litigation.

Akin Gump Secures Summary Judgment in a False Claims Act Lawsuit Filed by the United States Against Aegis Therapies and Golden Living

Akin Gump secured summary judgment in a False Claims Act (FCA) lawsuit filed by the United States against Aegis Therapies and Golden Living. The United States had alleged that Aegis knowingly provided medically unnecessary therapy to Medicare Part A beneficiaries residing in a Golden Living SNF because the beneficiaries did not achieve significant improvement. As proof, the government primarily relied upon the testimony of its expert witnesses, who reviewed a sample of records, and then sought FCA damages based upon a statistical extrapolation of the sample. The Akin Gump team showed that the Department of Justice used the wrong health care regulatory standard one that applied to outpatient settings and inpatient rehabilitation facilities, but not to the Medicare Part A SNF residents relevant to the lawsuit to evaluate the health care claims of the defendants.

Similar Private Companies By Industry

Company Name Region
@ Home Medical, Inc. United States
@home approach, llc United States
@Home Care United States
1011 E. Pecan Grove Road, LLC United States
1104 Welsh Road Operations LLC United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 7, 2017
Golden Living, LLC, 13 Facilities in Kansas Portfolio
Merger/Acquisition
January 7, 2017
Golden Living, LLC, 7 Facilities in North Carolina Portfolio
Merger/Acquisition
January 7, 2017
Golden Living, LLC, 10 Facilities in Georgia Portfolio
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Golden Living, LLC, please visit www.goldenliving.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.