Tech, healthcare as value proposition among silver linings of pandemic for senior living, executives...
By
Kimberly Bonvissuto
May 11, 2023
The pandemic upended the senior living business model, but it wasn’t all bad, according to a panel of executives at the 2023 Argentum Senior Living Executive Conference this week.
Senior living a ‘significant source of strength’ in Pennant’s portfolio, CEO says
By
Kimberly Bonvissuto
May 08, 2023
Growth in The Pennant Group’s senior living business continued with “impressive progress” in the first quarter, with occupancy growing for the fifth consecutive quarter, executives said Friday.
CVS records $349 million loss related to Omnicare long-term care pharmacy business
By
Lois A. Bowers
May 04, 2023
CVS Health in the first quarter recorded a $349 million loss on assets held for sale associated with the Omnicare business.
Strong senior housing growth fuels quarter of exceeded expectations for Welltower
By
Kimberly Bonvissuto
May 04, 2023
Although acknowledging that senior housing operators “still have a long way to go” to recover from the pandemic, Welltower CEO Shankh Mitra on Wednesday said the Toledo, OH-based real estate investment...
Senior living operator aims to raise ‘Purple Flag’ across its memory care communities
By
Kimberly Bonvissuto
May 01, 2023
A New England-based assisted living provider is the first in the nation to seek dementia care accreditation for its entire portfolio of memory care communities through Purple Flag for Dementia Care.
Assisted living community at center of resident poisoning deaths now fighting state license revocation
By
Kimberly Bonvissuto
Apr 28, 2023
An assisted living community at the center of accidental poisonings that resulted in the deaths of three residents is fighting California’s move to revoke the community’s license over the incidents.
Lawmakers turn up heat on CMS to expand access to Alzheimer’s treatments
By
Kimberly Bonvissuto
Apr 28, 2023
Medicare needs to reconsider its national coverage decision on FDA-approved Alzheimer’s drug treatments, bipartisan members of the House told Centers for Medicare & Medicaid Services Administrator Chiquita...
Bill targets price-gouging, anti-competitive practices by temporary staffing agencies
By
Kimberly Bonvissuto
Apr 26, 2023
Tennessee soon will join other states in reining in questionable business practices of temporary healthcare staffing agencies and their effects on assisted living communities and other types of long-term...
Healthy workplaces must include mental health programming, expert says
By
Kimberly Bonvissuto
Apr 25, 2023
Everyone wants to see COVID-19 in the rearview mirror, but the pandemic has left lasting effects in the form of a surge in reported levels of psychological distress. That surge has left employers looking...
Operators push rental, care rates to recapture increased operating costs
By
Kimberly Bonvissuto
Apr 24, 2023
Although senior living rental rates have increased higher than expected, creativity in pushing care rates was an even bigger surprise as operators look for ways to recapture increased operating costs,...