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Arboreta Healthcare, Inc. (OTC PINK: ARBH) is a diversified healthcare company dedicated to delivering exceptional care through its skilled nursing, rehabilitation, assisted living, and independent living programs. Operating across 34 facilities in Iowa, Nebraska, Texas, Florida, and Georgia, Arboreta Healthcare aims to provide quality service and care to every community it serves.
Recently, Arboreta Healthcare has undergone several significant transitions aimed at positioning the company for future growth and sustainability in the highly challenging healthcare industry. In a strategic move to enhance operational efficiency and financial stability, Arboreta has partnered with Everest Management Solutions. This two-year contract is focused on developing strategies and solutions tailored to the senior housing and long-term care industry. The partnership has already begun to yield positive results, with Everest’s Chief Operating Officer, Samantha Whittaker, playing an active role in the day-to-day operations.
The company has also seen changes in its leadership, with Bruce A. Cassidy taking over as Interim Chief Executive Officer following Richard Mason’s return to retirement. Under this new leadership, Arboreta aims to continue its mission of providing high-quality care while maintaining financial solidity.
Arboreta's facilities in Iowa have received a Medicaid reimbursement rate increase, which is set to rise further, providing additional financial support. The reimbursement boosts will be fully realized later in the year, aiding in the ongoing fiscal stability of the company.
In another strategic shift, Arboreta has decided to focus more sharply on adult post-acute care. This includes the sale of Banyan Pediatric Care Centers and Grace Care Center facilities in Texas, with both transactions expected to close following regulatory approvals.
The company is also working diligently on cost-cutting measures and operational efficiencies, resulting in significant savings. These efforts include switching to national vendors and streamlining service contracts, particularly within the human resources department, achieving a corporate office expense reduction of about 50%.
Arboreta Healthcare, Inc. continues to drive forward with a clear focus on quality outcomes, operational improvements, and financial stability, ensuring a robust and bright future for all stakeholders involved.
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