The new CEO talks about some significant work ahead for the nation’s largest senior living operator.
Older adults’ medication cost ‘skyrockets year after year,’ senator says
By
Lois A. Bowers
Mar 27, 2018
Many of the brand-name medications most commonly taken by older adults increased in price by almost 10 times the average annual rate of inflation from 2012 to 2017, according to a Senate report released...
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...
Lumber, labor continue to affect seniors housing construction: brief
By
Lois A. Bowers
Jan 26, 2018
Increased lumber costs and a labor shortage continue to be concerns in seniors housing construction projects across the country, according to a new brief prepared for the American Seniors Housing Association...
Labor Department increases monetary penalties for violations
By
Lois A. Bowers
Jan 04, 2018
The Department of Labor issued a final rule Tuesday that details increases in civil penalties due to inflation, as required by federal law.
18 states increased minimum wage Jan. 1
By
Lois A. Bowers
Jan 02, 2018
The minimum wage increased in 18 states on Jan. 1, either by legislative action, ballot initiative or inflation adjustment.
CCRC monthly rate increases for 2018 will average 3.1%
By
Lois A. Bowers
Nov 20, 2017
Continuing care retirement communities plan to raise their monthly fees for existing independent living residents an average of 3.1% in 2018, according to a recent poll of 160 chief financial officers...
More news for Friday, Oct. 13
Oct 13, 2017
Foundation for Senior Living joins self-driving car public education campaign … December Fed rate hike all but certain despite low inflation … Florida operators can seek generator-rule variance...
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,...
Genworth: Acuity, luxury drive up assisted living costs 3.36% in 2017
By
Lois A. Bowers
Sep 27, 2017
The annual median cost of assisted living increased 3.36% from 2016 to 2017, according to the Genworth 2017 Cost of Care Survey, released Tuesday. There are two main reasons.