Supreme Court agrees to hear case determining employer burden of proof regarding overtime pay
By
Kathleen Steele Gaivin
Jun 18, 2024
The Supreme Court said Monday that it will hear a case to determine where the burden of proof lies for an employer claiming to be exempt from paying overtime pay to employees who work more than 40 hours...
Pivotal 2023 sets up capital investment opportunities in 2024: DHC
By
Kimberly Bonvissuto
Feb 28, 2024
2023 was a “pivotal year” for Diversified Healthcare Trust as the company made “significant” progress in operational performance across its portfolio, setting 2024 up for the pursuit of capital...
Brookdale Senior Living sees ‘super cycle’ of occupancy, rate growth
By
Lois A. Bowers
Nov 09, 2022
Brookdale Senior Living’s third quarter saw record move-ins and positive trends in occupancy growth and net hires, President and CEO Cindy Baier said Tuesday during the company’s latest earnings call.
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.
Ventas: Senior living growth and recovery ‘in full swing’
By
Kimberly Bonvissuto
Nov 06, 2023
A strong third quarter was the result of actions taken to drive performance, combined with powerful demand in the senior living market, Ventas Chairman and CEO Debra Cafaro said Friday during a third-quarter...
Updated: CVS plans to sell Omnicare long-term care pharmacy business, saying it is ‘no longer a strategic...
By
Lois A. Bowers
Nov 02, 2022
CVS Health plans to sell its long-term care pharmacy business, Omnicare, reporting a $2.5 billion loss on it in the third quarter, the company announced Wednesday.
Ventas seeks to exceed 2019 performance in 2023, CEO says
By
Kimberly Bonvissuto
Feb 13, 2023
Ventas is entering 2023 seeking to reach 2019 performance levels and then exceed them, Chairman and CEO Debra Cafaro said during Friday’s fourth-quarter and full-year 2022 earnings call.
Study finds significant quick upside to appointing Black leaders
By
Kathleen Steele Gaivin
Oct 25, 2022
Investors rally and stocks jump when companies hire Black leaders, according to the results of a study published in Strategic Management Journal.
Sonida Senior Living takes steps to solidify future
By
Lois A. Bowers
May 12, 2023
Sonida Senior Living executives continue to feel uncertain about the future of the company, less than two months after reporting “substantial doubt about our ability to continue as a going concern,”...
Federal noncompete clause rule should take tailored approach, address separation agreements, senior living...
By
Kimberly Bonvissuto
Apr 24, 2023
A one-size-fits-all approach shouldn’t be the goal for a proposed noncompete clause rule by the US Federal Trade Commission, according to senior living industry advocates.