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...
Tragedy prompts senior living company to develop mental health awareness in staff
By
Kimberly Bonvissuto
Nov 15, 2023
Shortly after acquiring a Florida senior living campus, LifeStar Living was faced with the death of a resident by suicide. Looking back, a company executive said, the tragedy was a catalyst for the firm...
2023 laid groundwork for sustained performance, outsized growth in 2024: Welltower CEO
By
Kimberly Bonvissuto
Feb 15, 2024
2023 was a year of “solid execution” across the board for Welltower and a record year in capital deployment, laying the groundwork for a sustained level of performance and continued outsized growth...
Maplewood Senior Living continues to struggle but sees path forward
By
Kimberly Bonvissuto
Nov 06, 2023
Omega Healthcare Investors continued to see financial performance that exceeded its expectations in the third quarter, executives of the Hunt Valley, MD-based real estate investment trust said Friday,...
Aegis Living, SLR recognized for achieving elevated memory care standards
By
Kimberly Bonvissuto
Feb 26, 2024
Two assisted living and memory care providers have earned certifications for meeting elevated standards of care for people living with dementia.
Omega Healthcare Investors sees positive momentum with agency labor use down, occupancy up
By
Kimberly Bonvissuto
May 06, 2024
Omega Healthcare Investors sees positive momentum in its core portfolio of senior living communities and skilled nursing facilities as agency labor use declines and occupancy continues its steady improvement,...
Brookdale Senior Living CEO: ‘Too soon to tell’ outcome of Senate inquiry
By
Kimberly Bonvissuto
Feb 22, 2024
Brookdale Senior Living’s leader said Wednesday she is confident in the company’s priorities in the face of growing scrutiny of the industry by the lay media and policymakers.
Proposed HCBS rule could diminish service access, hamper provider retention efforts, 11 senators tell...
By
Lois A. Bowers
Feb 20, 2024
A proposed federal rule that would require providers of home- and community-based services to spend at least 80% of the Medicaid payments they receive for personal care, homemaker and home health aide...
The Pennant Group reports ‘continued positive momentum’ in third quarter
By
Lois A. Bowers
Nov 09, 2023
The Pennant Group saw “continued positive momentum” in operating results in the third quarter, according to Pennant CEO Brent Guerisoli.
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.