DealBook: Blackstone Blamed for British Nursing Home Woes

The private equity firm has agreed to buy the British nursing home operator Four Seasons Health Care for up $1.3 billion.

The Foothill Ranch firm will pay $50 million to end accusations of understaffing, far less than a jury's previous $670-million verdict.Nursing home operator Skilled Healthcare Group Inc.

A Humboldt County jury orders Skilled Healthcare Group to pay damages for understaffing at its 22 assisted-living facilities in California. Nursing home operator Skilled Healthcare Group Inc.

Care home operator Southern Cross says it has a "reasonable" chance of securing its future, despite reporting a £311m loss.

Renaissance Capital IPO Research submits: Vanguard Health Systems, Inc., which operates 26 acute care and specialty hospitals in five US states, filed on Friday with the SEC to raise up to $600 million in an initial public offering. The Nashville, TN-based company was founded in 1997 and booked $3.6 billion in sales and $337 million in adjusted EBITDA for the 12 months ended December 31, 2010.

Shares in Southern Cross Healthcare, the UK's biggest care homes operator, plunge 60% on news that financial problems are mounting.

The California Department of Public Health reverses an earlier finding that the fund broke the law in transferring residents out of its nursing home.The California Department of Public Health has reversed its earlier finding that the Motion Picture and Television Fund broke state law when the charity transferred dozens of residents out of its nursing home.