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.
LTC Properties to sell half of its Brookdale Senior Living communities
By
Lois A. Bowers
May 01, 2023
LTC Properties plans to sell approximately half of the 35 Brookdale Senior Living communities it owns and re-lease the other half, Chief Investment Officer and Co-President Clint Malin said Friday during...
Sonida CEO ‘very confident’ about company’s future despite issuing notice of ‘substantial doubt’
By
Lois A. Bowers
Mar 31, 2023
Sonida Senior Living has “substantial doubt about our ability to continue as a going concern,” the company reported Thursday, but executives also expressed optimism about the company’s future.
Mandatory rent control would undermine housing goals, says provider coalition including ASHA
By
Lois A. Bowers
Aug 14, 2023
Mandatory rent control and rent stabilization policies like the ones under consideration by the federal government “have proven time and time again to increase rents, reduce the capital needed to boost...
‘Staffing and labor challenges do persist,’ provider survey finds
By
Lois A. Bowers
Oct 24, 2022
Nine percent of long-term care providers responding to the latest executive survey by the National Investment Center for Seniors Housing & Care said they continue to experience “severe” staffing shortages,...
Workforce issues at forefront as assisted living providers gather in DC
By
Lois A. Bowers
Jun 05, 2023
Assisted living workforce issues are expected to dominate discussions when representatives of the National Center for Assisted Living and its affiliated organizations gather today and tomorrow in the nation’s...
Federal, lender support needed for assisted living operators to lower rates, leader says
By
Lois A. Bowers
Nov 21, 2023
Financial support from the federal government and private lenders would be required to lower assisted living rates, National Center for Assisted Living Executive Director LaShuan Bethea told the New York...
Having a sense of purpose can lower the risk of death
By
Lois A. Bowers
Dec 05, 2022
People with higher levels of purpose may have a lower risk of death from any cause, according to a study recently published in the journal Preventive Medicine.
US News Best Senior Living program recognizes 1,675 communities as tops in second year
By
Lois A. Bowers
May 04, 2023
US News & World Report is recognizing 1,675 senior living communities with top ratings in the second year of its Best Senior Living program. That compares with 1,274 communities rated as “Best” in...
People in the news, June 4
By
Foster Stubbs
Jun 04, 2024
Appointments, promotions and other news at Brio Living Services, The Claiborne, Heron’s Key, Juniper Communities, Luthercare, Meadow Ridge, Lifespace Communities, Morning Pointe Senior Living and National...