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.
Capital Senior Living tries new operating model to boost performance
By
Lois A. Bowers
Nov 03, 2017
Expressing disappointment in the company’s recent operational and sales performance, Capital Senior Living executives outlined for shareholders and analysts the steps the company is taking to get...
Activist shareholder plans to vote against slate of Brookdale directors at annual meeting
By
Lois A. Bowers
Sep 13, 2018
Brookdale Senior Living shareholder Land & Buildings intends to vote against the three directors up for election at Brookdale’s annual meeting Oct. 4, the Stamford, CT-based investment manager’s...
Quality Care Properties discloses two merger-related lawsuits as potential suitor withdraws
By
Lois A. Bowers
Jul 03, 2018
A potential rival to real estate investment trust Welltower’s plans to merge with Quality Care Properties has withdrawn its acquisition proposal and no longer is considering a transaction with the...
‘Private equity abuse’ in long-term care is target of new federal bill
By
Lois A. Bowers
Jun 13, 2024
Two Democratic senators from Massachusetts have introduced a bill they say is meant to “root out corporate greed and private equity abuse” in nursing homes, assisted living communities, home health...
Labor Department announces new overtime pay threshold
By
Lois A. Bowers
Aug 30, 2023
The US Department of Labor today proposed a new threshold for overtime pay eligibility.
HRA seeks to sharpen its image with prospects via employee etiquette training
By
Lois A. Bowers
Apr 10, 2018
As many senior living operators look to add more healthcare services to their offerings, this regional development and operating company is instituting a new program to help ensure that hospitality doesn’t...
More acquisitions, conversions on tap for Capital Senior Living
By
Lois A. Bowers
Mar 01, 2017
Capital Senior Living in 2017 will be focused on acquiring new communities, increasing the number of properties it owns rather than leases, and converting some existing independent living units to assisted...
Ensign says ‘it’s the right time’ to spin off senior living, home health and hospice businesses
By
Lois A. Bowers
May 08, 2019
With favorable market conditions, the infrastructure in place and a prepared organization and leadership, the time was right to spin off Ensign’s home health and hospice agencies, along with most of...
Shareholder issues ‘referendum’ on Brookdale performance
By
Lois A. Bowers
Aug 14, 2019
Activist investor Land & Buildings released another open letter to fellow Brookdale Senior Living shareholders Tuesday, calling it “a referendum on the company’s historical underperformance” as well...