PharMerica plans to ‘get aggressive’ about assisted living
By
Lois A. Bowers
Feb 26, 2017
Long-term care pharmacy company PharMerica Corp. intends to launch a new initiative focused on assisted living to increase its share of that market this year, CEO Greg Weishar said Friday during an earnings...
Senior Housing Properties Trust on track to sell $900 million in assets by end of year, president says
By
Lois A. Bowers
Nov 08, 2019
Real estate investment trust Senior Housing Properties Trust is on track to have $900 million in assets sold or under agreement to be sold by the end of the year, President and Chief Operating Officer...
A Place for Mom is sold to new investors
By
Lois A. Bowers
Jul 06, 2017
A Place for Mom is being sold to technology investment firm Silver Lake and global growth equity firm General Atlantic by its current investor, growth private equity firm Warburg Pincus, the companies...
Proposed overtime rule would worsen workforce, resident access issues, provider groups fear
By
Lois A. Bowers
Aug 31, 2023
A Labor Department-proposed rule that would make approximately 3.6 million more salaried workers and so-called highly compensated employees eligible for overtime pay is “ill-timed” and would worsen...
Ensign Group sets record date for Pennant Group spinoff
By
Lois A. Bowers
Aug 29, 2019
The Ensign Group has set a record date of Sept. 20 for the previously announced spinoff of its subsidiary, The Pennant Group, the San Juan Capistrano, CA-based company announced Wednesday.
Ventas looks to COVID-19 testing program to accelerate move-ins, announces new Holiday management agreement
By
Lois A. Bowers
May 11, 2020
Similar to other senior living operators and real estate investment trusts with senior housing portfolios, Ventas is reporting some pretty grim numbers for the first quarter and the part of the second...
Welltower CEO defends decision to keep HCR ManorCare leaders
By
Lois A. Bowers
Jun 07, 2018
Welltower CEO Tom DeRosa on Wednesday defended the decision to keep HCR ManorCare’s leadership team in place as the real estate investment trust gains a stake in the operator through a deal with...
Brookdale sustainability efforts lead to 2.42% cut in energy use
By
Lois A. Bowers
Aug 14, 2017
Brookdale Senior Living continued to make strides toward reaching its sustainability-related goals in 2016, reducing energy use by 2.42% in the communities it owns or operates compared with 2015, the company...
Ventas: ‘Optimism remains’ about senior housing
By
Lois A. Bowers
Jul 29, 2019
Ventas executives said Friday that they have high expectations for performance in the real estate investment trust’s U.S. senior living portfolio over the next five years, although they don’t expect...
Capital Senior Living CEO Larry Cohen to retire
By
Lois A. Bowers
Aug 22, 2018
Lawrence A. Cohen, vice chairman and CEO of Capital Senior Living Corp., will retire effective Jan. 1, the company announced this morning. Cohen has been with the company for 21 years, 19 as CEO.