Senior living hacker sentenced to 20 years for $27 million ransomware attack
By
Kimberly Bonvissuto
Oct 07, 2022
A Canadian man linked to an international network of ransomware attacks affecting the senior living industry during the COVID-19 pandemic has been sentenced to 20 years in prison and ordered to forfeit...
Sign-on bonuses and pay raises undoubtedly are appreciated by staff members at assisted living communities, but they appear to be doing little to stem the industry’s high annual turnover rates.
Former Fed Chair Janet Yellen talks about recession, minimum wage, immigration, entitlements and ‘root...
By
Lois A. Bowers
Sep 13, 2019
Janet Yellen hit on numerous topics Thursday in the opening session of the National Investment Center for Seniors Housing & Care Fall Conference.
Mistrial declared in trial of alleged senior living serial killer
By
Lois A. Bowers
Nov 22, 2021
The judge presiding over the first capital murder trial of alleged senior living serial killer Billy Chemirmir declared a mistrial Friday after jurors continued to be deadlocked 11-1 after two days of...
CareTrust REIT: Fewer ‘meaningful opportunities’ in senior housing
By
Lois A. Bowers
Feb 24, 2020
“There are plenty of assisted living and memory care deals out there right now, but most don’t fit with our or our operators’ objectives. So meaningful opportunities for us in that asset class...
3 keys to reducing turnover in senior living
By
Lois A. Bowers
Jul 11, 2019
Consulting firm Holleran worked with Life Care Services to track engagement and the rate of turnover among 753 employees across 39 senior living campuses over an 18-month period. Here’s what they...
Argentum asks government to address ‘regulatory overreach’ by NLRB
By
Lois A. Bowers
Feb 16, 2017
Congress and the new administration should prioritize addressing the “regulatory overreach” that has occurred via the National Labor Relations Board for the past eight years, Argentum President...
COVID impact on senior living on track to reach $17 billion, ASHA says, requesting relief
By
Lois A. Bowers
Nov 12, 2020
As the financial impact of the coronavirus pandemic on senior living is on track to reach $17 billion annually, providers need more funds to cover additional expenses and lost revenue, and they need new...
Federal court will rehear senior living operators’ RICO lawsuit claims against unions
By
Kimberly Bonvissuto
Apr 18, 2022
A federal court panel announced Thursday that it will reexamine a senior living and care operator’s racketeering lawsuit against local labor unions after a previous decision was vacated.
Pandemic not dampening desire for luxury retirement living
By
Lois A. Bowers
Apr 21, 2020
A pandemic is not preventing Moorings Park Grande Lake in Naples, FL, from opening and continuing to attract interest. “We have closed over $77 million in sales during the last two weeks,” a Moorings...