The new CEO talks about some significant work ahead for the nation’s largest senior living operator.
Next Brookdale CEO talks turnaround after company rejects takeover bid
By
Lois A. Bowers
Feb 23, 2018
As Lucinda “Cindy” Baier prepares to lead Brookdale Senior Living, the company’s short-term turnaround plans include selling 30 communities, cutting $25 million in general and administrative...
Senior living association recommends overtime changes to Labor Department
By
Lois A. Bowers
Oct 02, 2017
The Labor Department should base increases in the minimum salary threshold used to determine overtime pay on the 20th percentile for salaried employees in the lowest paid geographic region of the country,...
Affordable seniors housing owners, residents benefit from legislation
By
Lois A. Bowers
Jul 19, 2016
A bill that would benefit owners and residents of affordable seniors housing is headed toward President Barack Obama’s desk, and two more are being considered in the Senate.
What Brexit means to U.S. seniors housing
By
Lois A. Bowers
Jun 30, 2016
Beth Burnham Mace, chief economist for the National Investment Center for Seniors Housing & Care, explains the potential broad effects of the United Kingdom decision to leave the European Union and how...
Larger employers should be required to offer retirement plans, group says
By
Lois A. Bowers
Jun 09, 2016
Requiring most employers to offer retirement plans for their workers would help ensure that Americans have enough money to pay for their needs after they stop working, the nonprofit Bipartisan Policy Center...
Assisted living costs up 11% over 5 years
By
Lois A. Bowers
May 10, 2016
Year-over-year costs for assisted living rose just 0.8% from 2015 to 2016, according to Genworth’s latest Cost of Care Study, but the picture doesn’t look as rosy when one takes the long view.
California operator braces for planned $15 minimum wage
By
Lois A. Bowers
Mar 29, 2016
One of California’s largest senior living operators is planning changes in the wake of Gov. Jerry Brown’s March 28 announcement of a deal that will make the Golden State the first to commit...
Older Americans Act reauthorization appears destined for president’s desk
By
Lois A. Bowers
Mar 21, 2016
A bill reauthorizing the Older Americans Act appears destined for the president’s desk after the U.S. House of Representatives passed a version of S. 192 March 21.
What’s ahead for seniors housing in 2016
By
Lois A. Bowers
Jan 10, 2016
Demand for seniors housing will continue in 2016, NIC’s chief economist predicts, but assisted living operators and investors have reason for caution.