Cincinnati-based long-term care pharmacy provider Omnicare is announcing layoffs this week as a result of a review of operations “and other market dynamics,” a company representative told McKnight’s...
Nominations open for 2022 McKnight’s Women of Distinction awards
By
Lois A. Bowers
Nov 16, 2021
McKnight’s Senior Living, McKnight’s Long-Term Care News and McKnight’s Home Care have opened the nomination process for the fourth annual McKnight’s Women of Distinction awards program. The 2022...
Healthpeak Properties closes merger with Physicians Realty Trust
By
Lois A. Bowers
Mar 01, 2024
Healthpeak Properties closed today on its previously announced merger with Physicians Realty Trust, as expected, the Denver-based real estate investment trust announced this morning.
Sonida Senior Living makes first acquisition in 5 years amid ‘a lot of good news’
By
Lois A. Bowers
May 24, 2022
Sonida Senior Living made its first acquisition in almost five years in the first quarter, when the company also experienced “a lot of good news” regarding occupancy and revenue growth, executives...
Sabra to exit Enlivant joint venture as portfolio takes $164.1 million hit in quarter
By
Lois A. Bowers
Aug 04, 2021
Sabra Health Care REIT plans to exit a joint venture with private equity firm TPG Real Estate through which it has a 49% stake in a portfolio of 158 Enlivant senior living communities, the Irvine, CA-based...
AlerisLife names interim CEO to replace Katie Potter, begins operational review
By
Lois A. Bowers
May 02, 2022
AlerisLife (formerly Five Star Senior Living) announced Monday morning that Katie Potter has resigned as president and CEO and that Chief Financial Officer Jeff Leer has been appointed to succeed her on...
AlerisLife rejected 2 suitors before accepting managing director’s acquisition offer
By
Lois A. Bowers
Feb 21, 2023
AlerisLife rejected two acquisition offers before ultimately accepting one made by an entity controlled by one of its managing directors, who also is the chair of its board, according to documents filed...
Long-term care operator Diversicare to be acquired by DAC Acquisition
By
Lois A. Bowers
Aug 27, 2021
Brentwood, TN-based Diversicare Healthcare Services will be acquired by New York-based retirement assets manager DAC Acquisition, the company announced Friday morning. The transaction is expected to close...
Omnicare long-term care pharmacy sale not expected any time soon, CVS says
By
Lois A. Bowers
Nov 02, 2023
The sale of CVS Health’s long-term care pharmacy business, Omnicare, isn’t expected “in the near term,” the company said Wednesday in a filing with the Securities and Exchange Commission.
Five Star Senior Living rebrands as AlerisLife, plans to diversify offerings
By
Lois A. Bowers
Jan 26, 2022
Newton, MA-based Five Star Senior Living has changed its name to AlerisLife Inc. effective immediately, the company announced this morning along with plans to expand its offerings to include active adult...