Peak Medical Corp. to purchase Okla. SNFs.Oklahoma's Health Department has given Albuquerque-based Peak Medical Corp. permission to buy seven nursing homes owned in part by Jim Smart, who was convicted last fall for offering a bribe BRIBE, crim. law. The gift or promise, which is accepted, of some advantage, as the inducement for some illegal act or omission; or of some illegal emolument, as a consideration, for preferring one person to another, in the performance of a legal act. to Brent Brent, outer borough (1991 pop. 226,100) of Greater London, SE England. The area is a rail and industrial center. Its manufactures include automobile parts, clocks and watches, and electrical equipment. VanMeter, then the deputy state health commissioner. The bribe involved changing the way nursing homes were qualified to receive federal Medicare Medicare, national health insurance program in the United States for persons aged 65 and over and the disabled. It was established in 1965 with passage of the Social Security Amendments and is now run by the Centers for Medicare and Medicaid Services. funds. A state administrative law judge administrative law judge n. a professional hearing officer who works for the government to preside over hearings and appeals involving governmental agencies. They are generally experienced in the particular subject matter of the agency involved or of several agencies. ruled that Peak has an acceptable history of turning around troubled nursing homes. Lease-and-purchase agreements for the seven facilities are reportedly valued at $17.6 million |
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