Senior living executive settles in $3.9 million SEC fraud case
By
Lois A. Bowers
Jul 12, 2017
A South Carolina businessman has settled with the Securities and Exchange Commission after being charged in January in a $3.9 million fraud case for allegedly diverting investor funds meant to buy or renovate...
Home healthcare faces Supreme Court labor decision, proposed CMS cuts
By
Lois A. Bowers
Jun 27, 2016
The Supreme Court on Monday declined to hear a challenge to a rule requiring home health agencies to pay workers minimum wage and overtime, and CMS proposed reducing Medicare payments to home health agencies...
Worker freedom or rigged system? Groups weigh in on Supreme Court union decision
By
Lois A. Bowers
Jun 28, 2018
Wednesday’s U.S. Supreme Court decision that unions can’t collect fees from nonunion employees without their explicit consent is either “a long-awaited victory for worker freedom”...
AlerisLife names Jeff Leer president and CEO, plans cost cuts, reorganization
By
Lois A. Bowers
Jun 28, 2022
Jeff Leer has been appointed president and CEO of Newton, MA-based AlerisLife, a position he has held on an interim basis since former President and CEO Katie Potter resigned April 30.
Senior living industry turnaround could begin in second quarter, CEO says
By
Lois A. Bowers
Feb 03, 2021
Signs of recovery from the coronavirus pandemic could begin to show in the senior living industry in the second quarter, Adam Portnoy, president and CEO of The RMR Group Inc., said Tuesday.
The expansion of Medicaid under the Affordable Care Act has negatively affected vulnerable beneficiaries such as the elderly, according to a witness testifying Tuesday at a House Energy and Commerce Subcommittee...
ACA replacement would harm providers, caregivers, elderly, groups say
By
Lois A. Bowers
Mar 07, 2017
Long-term services and supports providers, Medicaid beneficiaries and professional caregivers would suffer if the bill that Republicans in the House of Representatives proposed Monday to replace the Affordable...
CVS records $349 million loss related to Omnicare long-term care pharmacy business
By
Lois A. Bowers
May 04, 2023
CVS Health in the first quarter recorded a $349 million loss on assets held for sale associated with the Omnicare business.
Kimberly Lody to depart as Sonida CEO; Brandon Ribar to succeed her
By
Lois A. Bowers
Aug 04, 2022
Kimberly Lody is stepping down as CEO of Dallas-based Sonida Senior Living after holding the position since January 2019, the company announced Thursday morning.
Big senior living stories of 2022
By
Lois A. Bowers
Dec 22, 2022
Here are some of the major stories that affected senior living providers in 2022.