CVS says long-term care business ‘on track’ despite operating income decrease
By
Lois A. Bowers
May 02, 2019
CVS continues to “work diligently in driving growth for the assisted living space” through its Omnicare long-term care pharmacy business, CVS President and CEO Larry Merlo said Wednesday during the...
Andy Smith out as Brookdale CEO as strategic review process concludes
By
Lois A. Bowers
Feb 22, 2018
Andy Smith is being replaced as president and CEO at Brookdale Senior Living, and Daniel Decker will be leaving his position as executive chairman, the company announced this morning in advance of its...
Activist shareholder calls for more transparency from Brookdale
By
Lois A. Bowers
Oct 31, 2017
Brookdale Senior Living should be more transparent about the status of its strategic review process, which has been taking place for more than eight months, Brookdale shareholder Land and Buildings said...
Commonwealth Senior Living to be acquired by Invesque for $340.4 million
By
Lois A. Bowers
May 24, 2019
The agreement includes 20 private-pay senior living communities in two states.
CVS looks to assisted living for future Omnicare success after disappointing quarter
By
Lois A. Bowers
Aug 09, 2018
Assisted living figures prominently in the future plans that CVS Health executives shared Wednesday to improve performance in its Omnicare long-term care pharmacy business.
The Brookdale Senior Living Board of Directors welcomed a new member as part of an agreement with an activist shareholder that will have additional effects on the company’s annual meetings in 2017...
Technology helps operator recoup $3,000 per month, company says
Aug 24, 2018
SAL Management Group reportedly has regained more than $3,000+ per month since implementing LincWare’s Admit+ digital admissions solution a year ago.
$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...
Occupancy, financial gains continue in Sabra Health Care REIT’s senior living portfolio
By
Lois A. Bowers
Feb 29, 2024
Quarterly occupancy in Sabra Health Care REIT’s portfolio of wholly owned managed senior living communities in the fourth quarter of 2023 reached its highest level since the second quarter of 2020, the...
Obama-era overtime rule declared unlawful
By
Lois A. Bowers
Sep 01, 2017
A federal judge Thursday declared unlawful an Obama-era Labor Department rule that would have made 4.2 million more workers eligible for overtime pay by raising the salary threshold for eligibility from...