The last day of the 90-day reporting period for the 2012 program year for an Eligible Professional (EP) was December 31, 2012. The EP’s payment year runs on a calendar year instead of the federal fiscal year like the Eligible Hospital’s (EH) payment year. The last day of the EH’s 90-day reporting period for the 2013 program year will be September 30, 2013.
As last reported, the long-term care (LTC) merger & acquisition (M&A) market had a record year in 2011 in terms of transaction volume, reporting approximately 74 percent more transactions than the annual average for the previous three years. Although 2011 was a tough year to follow for LTC M&A, the first quarter of 2012 started strong, matching the same period in 2011 with 39 reported transactions.