Omega 2Q financials ‘exceeded expectations,’ CEO says
By
Kathleen Steele Gaivin
Aug 04, 2023
Hunt Valley, MD-based Omega Healthcare Investors’ revenue for the second quarter was $250 million compared with $245 million for the same quarter a year ago, Chief Financial Officer Robert O. Stephenson...
4 generations of workers preparing for retirement amid uncertain future: report
By
Kathleen Steele Gaivin
Oct 14, 2022
Seventy-six percent of workers among four generations say their life priorities have changed as a result of the pandemic, and 56% cite saving for retirement as a financial priority, according to survey...
Methodist Retirement Communities eyes middle market during 60th anniversary year
By
Kathleen Steele Gaivin
Mar 07, 2022
As the Woodlands, TX-based Methodist Retirement Communities marks its 60th anniversary, President and CEO Alan Brown told the McKnight’s Business Daily that he would like to see the organization expand...
Federal interventions needed to support immigrants, a solution to workforce shortages: report
By
Kathleen Steele Gaivin
Sep 28, 2023
Federal-level policy interventions, such as providing work authorizations and pathways to citizenship, are needed to better support immigrant direct care workers and address workforce shortages, according...
Hiring, retaining workers starts with positive company culture
By
Kathleen Steele Gaivin
Jul 12, 2023
A positive company culture affects the bottom line and improves training, recruitment and retention, according to presenters at a Tuesday webinar hosted by Health Dimensions Group.
COVID-19 reduces occupancy, elevates costs in Omega’s senior living portfolio
By
Kimberly Bonvissuto
May 06, 2020
Senior living and skilled nursing communities in Omega Healthcare Investors’ portfolio are weathering the effects of COVID-19 through declining occupancy and significantly elevated costs, according...
McKnight’s Senior Living COVID-19 survey: Operators cope with staffing issues by paying overtime, having...
By
Lois A. Bowers
Apr 08, 2020
Overtime pay is the most common form of compensation that senior living operators are giving to cover extra shifts and address other staffing needs as communities work to prevent or manage cases of COVID-19...
Court case gives edge to employers over displays of union insignia
By
Kathleen Steele Gaivin
Dec 04, 2023
An employer may prohibit employees from wearing union insignias on their uniforms, the 5th Circuit Court of Appeals ruled Tuesday, in a reversal of a previous decision from the National Labor Relations...
Silver lining of Build Back Better bill collapse: opportunities for improvements, providers say
By
Kimberly Bonvissuto
Dec 21, 2021
With Democrats’ plans to vote on the $2 trillion Build Back Better social spending bill derailed by a surprise “no vote” announcement from Sen. Joe Manchin (D-WV), the senior living and care industry...
Long-term care struggles to rebound to pre-pandemic staffing levels: analysis
By
Kathleen Steele Gaivin
Jan 23, 2023
Staffing in long-term care dropped drastically at the start of the pandemic and is unlikely to rebound to pre-pandemic levels until 2027. That’s according to a recent analysis of US Census data by the...