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.
Invesque prioritizes pruning real estate portfolio
By
Kathleen Steele Gaivin
Feb 23, 2024
Invesque has spent 2024 pruning its real estate portfolio, “cleaning up” the balance sheet and making “certain personnel cutbacks.”
Labor Department announces new overtime pay threshold
By
Lois A. Bowers
Aug 30, 2023
The US Department of Labor today proposed a new threshold for overtime pay eligibility.
People in the news, Aug. 1
Aug 01, 2023
Appointments, promotions and other news at Broadview at Purchase College, Covenant Living, Erickson Senior Living, Florida Health Care Association, LeadingAge Florida, LTC Properties, the National Center...
Cap rates up except in skilled nursing
By
Kathleen Steele Gaivin
Jul 11, 2023
More than 50% of the respondents to the 12th edition of CBRE’s “Seniors Housing & Care Investor Survey” expect capitalization rates to increase this year. That’s up from 27% in last year’s...
‘Private equity abuse’ in long-term care is target of new federal bill
By
Lois A. Bowers
Jun 13, 2024
Two Democratic senators from Massachusetts have introduced a bill they say is meant to “root out corporate greed and private equity abuse” in nursing homes, assisted living communities, home health...