Sunrise Senior Living in ‘significant growth mode,’ adds 13 communities
By
Kathleen Steele Gaivin
Jul 10, 2024
Sunrise Senior Living has assumed the operation of 13 communities and expected to assume the operation of more communities in the third quarter, the McLean, VA-based company announced Monday.
Edenwald Senior Living partners with Goucher College to join increasing number of university retirement...
By
Kathleen Steele Gaivin
Jul 11, 2024
Edenwald Senior Living, a not-for-profit continuing care retirement / life plan community in Towson, MD, is partnering with Goucher College to become a university retirement community, a growing national...
Federal judge blocks enforcement of noncompete final rule for some employers
By
Kathleen Steele Gaivin
Jul 09, 2024
A federal judge has issued a stay and preliminary injunction that will block enforcement of the Federal Trade Commission’s final rule on noncompete agreements for some employers.
Cafaro, Lynch among top paid execs at S&P 500 companies: study
By
Kathleen Steele Gaivin
Jun 20, 2024
Debra Cafaro, chairman and CEO of Ventas, and Karen Lynch, president and CEO of long-term care pharmacy Omnicare parent CVS Health, are among American’s top paid executives, according to an Equilar /...
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,...
Executive indicted for fixing nurse wages at 3 companies
By
Kathleen Steele Gaivin
Mar 17, 2023
A federal grand jury on Wednesday indicted an executive of three home healthcare agencies for conspiring to fix the wages of nurses in violation of the Sherman Antitrust Act, which dates back to 1890.
Omnicare names Ahmed Hassan president
By
Kathleen Steele Gaivin
Jun 30, 2022
Long-term care pharmacy giant Omnicare announced Tuesday the appointment of Ahmed Hassan as president of the Cincinnati, OH-based company, effective Friday. Hassan is charged with executing the firm’s...
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.
LCS in rare company as ‘Exceptional Workplace’
By
Kathleen Steele Gaivin
Apr 05, 2023
Des Moines, IA-based Life Care Services is one of just 57 employers nationwide and the only senior living company to earn a 2023 Gallup Exceptional Workplace Award, the company announced last week. This...