Supreme Court agrees to hear case determining employer burden of proof regarding overtime pay
By
Kathleen Steele Gaivin
Jun 18, 2024
The Supreme Court said Monday that it will hear a case to determine where the burden of proof lies for an employer claiming to be exempt from paying overtime pay to employees who work more than 40 hours...
AdCare prepares compliance plan for NYSE listing
By
Lois A. Bowers
May 17, 2016
AdCare Health Systems has formulated a plan to get back into the good graces of the New York Stock Exchange, company officials told those participating in a first quarter 2016 earnings call on Tuesday.
Ventas: Senior living growth and recovery ‘in full swing’
By
Kimberly Bonvissuto
Nov 06, 2023
A strong third quarter was the result of actions taken to drive performance, combined with powerful demand in the senior living market, Ventas Chairman and CEO Debra Cafaro said Friday during a third-quarter...
Brookdale’s $4 billion acquisition on hold: report
By
Lois A. Bowers
Aug 07, 2017
Brookdale Senior Living’s talks to be acquired by Beijing-based Zhonghong Zhuoye Group Co. Ltd. have stalled because Chinese regulatory officials are more carefully scrutinizing overseas investments...
‘Tough operating environment’ means Healthpeak’s future growth is outside of senior housing, executives...
By
Kimberly Bonvissuto
Aug 06, 2020
The majority of Healthpeak Properties’ future growth will be in the life sciences and medical office buildings, and a potential exists that the real estate investment trust will reduce its investment...
Maplewood begins paying $21 million rent as Manhattan high-rise prepares to open
By
Lois A. Bowers
Feb 07, 2020
Maplewood Senior Living in January began paying annual rent of $21 million on the Inspir Carnegie Hill luxury senior living community in Manhattan, and the property is expected to open at the end of the...
Updated: CVS plans to sell Omnicare long-term care pharmacy business, saying it is ‘no longer a strategic...
By
Lois A. Bowers
Nov 02, 2022
CVS Health plans to sell its long-term care pharmacy business, Omnicare, reporting a $2.5 billion loss on it in the third quarter, the company announced Wednesday.
PwC Survey: CFOs expect permanent changes following pandemic
By
Amy Novotney
Apr 30, 2020
Chief financial leaders across the nation are expecting broad changes in their workplace, workflows, staffing demands, financial outlook and merger and acquisition strategy following the COVID-19 pandemic....
2 Five Star shareholders urge peers to reject tender offer
By
Lois A. Bowers
Nov 07, 2016
Two Five Star Quality Care shareholders on Monday urged their fellow shareholders to reject a $3-per-share tender offer set to expire at midnight Friday, saying it is “grossly undervalued, fraught...
Earnings calls wrap-up: Diversified, Five Star, Sabra
By
Kathleen Steele Gaivin
Nov 05, 2021
Significant headwinds challenge senior living, but experts remain optimistic about recovery. Here is a round-up of three earnings calls held Thursday.