Cafaro, Lynch among top paid execs at S&P 500 companies: study
By
Kathleen Steele Gaivin
Jun 20, 2024
Debra Cafaro, chairman and CEO of Ventas, and Karen Lynch, president and CEO of long-term care pharmacy Omnicare parent CVS Health, are among American’s top paid executives, according to an Equilar /...
Federal judge blocks enforcement of noncompete final rule for some employers
By
Kathleen Steele Gaivin
Jul 09, 2024
A federal judge has issued a stay and preliminary injunction that will block enforcement of the Federal Trade Commission’s final rule on noncompete agreements for some employers.
Elevated Medicaid use no threat to health insurers in the long term: Fitch
By
Kathleen Steele Gaivin
Jun 27, 2024
Headwinds from an increase in the use of Medicaid are unlikely to have a long-term negative effect on health insurers, according to a new brief from Fitch Ratings. Insurers may experience short-term margin...
Clif Porter named AHCA/NCAL’s next president and CEO
By
Lois A. Bowers
Jul 16, 2024
Clifton J. “Clif” Porter II, the current senior vice president of government relations for the American Health Care Association/National Center for Assisted Living, will become the groups’ next president...
Welltower upsizes pricing of $900 million of exchangeable senior notes
By
Kathleen Steele Gaivin
Jul 10, 2024
Just a day after announcing a $750 million debt offering, Welltower’s operating company, Welltower OP, upsized the offering to $900 million in 3.125% exchangeable senior notes due in 2029, the Toledo,...
People in the news, June 25
By
Eliza Mattson
Jun 25, 2024
Appointments, promotions and other news at The Aspenwood Company, Brookdale Senior Living, Ebenezer Senior Living, Grace Management, the Granger Cobb Institute, Invesque, The Jewish Home Family, Juniper...
Sonida Senior Living buys 9 communities, assumes management of 2 others
By
Kathleen Steele Gaivin
Jul 03, 2024
Sonida Senior Living has added nine senior living communities to its portfolio so far this year, all since May, the company announced Tuesday.
Coalition backs House labor bill to prohibit federal funding for joint employer rule, electronic union...
By
Kimberly Bonvissuto
Jul 12, 2024
A coalition of senior living groups and other business organizations is urging support in the House of Representatives for the labor appropriations bill, which they say includes “critical” policy riders...
Texas power grid leaves some assisted living communities without power for days, raising questions for...
By
Kimberly Bonvissuto
Jul 16, 2024
Texas’ power grid struggled to get homes and business back online after Hurricane Beryl made landfall as a Category 1 storm last week, leaving some assisted living communities and nursing homes grappling...
As overtime rule effective date approaches, DOL seeks to expedite lawsuit challenge
By
Kathleen Steele Gaivin
Jun 24, 2024
With the July 1 effective date of the new federal overtime rule looming, the Department of Labor has petitioned a Texas court to expedite discovery in a lawsuit seeking to block the rule.