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.
Proposed overtime rule would worsen workforce, resident access issues, provider groups fear
By
Lois A. Bowers
Aug 31, 2023
A Labor Department-proposed rule that would make approximately 3.6 million more salaried workers and so-called highly compensated employees eligible for overtime pay is “ill-timed” and would worsen...
Updated: Brookdale Senior Living makes leadership changes, shares financial expectations
By
Lois A. Bowers
Jan 13, 2023
Brentwood, TN-based Brookdale Senior Living announced several leadership changes Friday morning to “drive improved efficiency and better align our expenses with revenue.”
What could replace ‘quiet quitting’ in 2023
By
Lois A. Bowers
Jan 23, 2023
“Quiet quitting” is so last year. The top workplace phenomenon that employers will see in 2023 is “quiet hiring,” according to one expert. The good news for organizations is that, in contrast to...
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.
Omnicare parent CVS Health to lay off 5,000
By
Lois A. Bowers
Aug 03, 2023
Long-term care pharmacy Omnicare’s parent company, CVS Health, will lay off 5,000 employees, the company formally announced Wednesday.
Overtime rule review completed by White House
By
Lois A. Bowers
Apr 11, 2024
The Department of Labor’s proposed overtime rule has moved a step closer to being finalized. The White House Office of Management and Budget’s Office of Information and Regulatory Affairs has completed...
Updated: Healthpeak Properties to merge with Physicians Realty Trust in $21 billion deal
By
Lois A. Bowers
Oct 30, 2023
Denver-based real estate investment trust Healthpeak Properties, with a portfolio that includes 15 continuing care retirement communities, will merge with Milwaukee-based Physicians Realty Trust in an...
Omnicare notifying workers of layoffs this week
By
Lois A. Bowers
Jan 30, 2024
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...
$3 million from NIC will help Milken Institute ‘develop bold new models’ for senior housing and care
By
Lois A. Bowers
Nov 07, 2023
Funding of $3 million from the National Investment Center for Seniors Housing & Care will establish a new effort at the Milken Institute to “develop bold new models of housing, healthcare and community...