Elevated Medicaid use no threat to health insurers in the long term: Fitch
By
Kathleen Steele Gaivin
Jun 27, 2024
Headwinds from an increase in the use of Medicaid are unlikely to have a long-term negative effect on health insurers, according to a new brief from Fitch Ratings. Insurers may experience short-term margin...
Welltower upsizes pricing of $900 million of exchangeable senior notes
By
Kathleen Steele Gaivin
Jul 10, 2024
Just a day after announcing a $750 million debt offering, Welltower’s operating company, Welltower OP, upsized the offering to $900 million in 3.125% exchangeable senior notes due in 2029, the Toledo,...
Sonida Senior Living buys 9 communities, assumes management of 2 others
By
Kathleen Steele Gaivin
Jul 03, 2024
Sonida Senior Living has added nine senior living communities to its portfolio so far this year, all since May, the company announced Tuesday.
FTC challenges the challengers on noncompete rule
By
Kathleen Steele Gaivin
Jun 03, 2024
In response to mounting legal challenges and a looming court decision expected July 3, the Federal Trade Commission has filed a response to those seeking to stay a rule banning employer noncompete agreements.
The Federal Trade Commission’s final rule on noncompete agreements, handed down last week, now faces additional legal challenges.
Prestige Care predicts layoffs ahead of shift to PACS Group
By
Kathleen Steele Gaivin
Jun 05, 2024
Vancouver, WA-based Prestige Care has begun a restructuring plan that may include layoffs as it prepares for acquisition by PACS Group in August.
As overtime rule effective date approaches, DOL seeks to expedite lawsuit challenge
By
Kathleen Steele Gaivin
Jun 24, 2024
With the July 1 effective date of the new federal overtime rule looming, the Department of Labor has petitioned a Texas court to expedite discovery in a lawsuit seeking to block the rule.
Vote for incumbent directors, NHI advises in supplemental proxy
By
Kathleen Steele Gaivin
May 09, 2024
National Health Investors is asking stockholders to reject an activist investor’s recommendation to not re-elect two of three people up for re-election to the board of the Murfreesboro, TN-based real...
Balfour–Kisco affiliation brings ‘greater geographic coverage,’ firms say
By
Kathleen Steele Gaivin
Oct 17, 2023
Louisville, CO-based Balfour Senior Living now is an affiliate of Carlsbad, CA-based Kisco Senior Living, the companies announced Friday in a joint statement.
Ensign Group ‘eager’ for acquisitions, CEO says
By
Kathleen Steele Gaivin
Feb 05, 2024
The Ensign Group is “eager to continue to drive improvements in our existing portfolio and to take advantage of the acquisition opportunities that we see on the horizon,” the San Juan Capistrano,...