Fountain View Announces Recertification of a Facility.Business Editors and Health Writers BURBANK, Calif.--(BW HealthWire)--Jan. 4, 2001 Fountain View, Inc. (the "Company"), a leading operator of 50 long-term care facilities long-term care facility n. See skilled nursing facility. in California, Texas and Arizona, today announced that its facility which had previously been decertified from participation in the Medicare and Medicaid Medicare and Medicaid U.S. government programs in effect since 1966. Medicare covers most people 65 or older and those with long-term disabilities. Part A, a hospital insurance plan, also pays for home health visits and hospice care. Programs was recertified to provide these services effective December 1, 2000. Although now fully recertified for both Medicare and Medicaid patients, the Company continues to vigorously contest this decertification at both the federal and state levels. Fountain View is a leading operator of long-term care facilities and a leading provider of a full continuum of post-acute care services, with a strategic emphasis on sub-acute specialty medical care. The Company operates a network of facilities in California, Texas and Arizona, including 44 skilled nursing and six assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. facilities. In addition to long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. , the Company provides a variety of high-quality ancillary services such as physical, occupational and speech therapy and pharmacy services. This press release may make certain forward-looking statements as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 regarding the future earnings and revenues and plans of the Company. Any such forward-looking statements are subject to various risks and uncertainties that might cause actual results to vary materially. Such risks are described in the Company's annual filing on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. on file with the Securities and Exchange Commission. |
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