CVS says long-term care business ‘on track’ despite operating income decrease
By
Lois A. Bowers
May 02, 2019
CVS continues to “work diligently in driving growth for the assisted living space” through its Omnicare long-term care pharmacy business, CVS President and CEO Larry Merlo said Wednesday during the...
Pennant Group ready for ‘modest’ growth in senior living acquisitions
By
Lois A. Bowers
Aug 10, 2022
The Pennant Group spent time in the first half of 2022 streamlining its senior living portfolio, improving the average quality of its buildings and “positioning ourselves to accelerate organic growth...
Juniper’s care model, Connect4Life, to see national rollout under licensing agreement
By
Lois A. Bowers
Oct 22, 2019
Juniper Communities’ Connect4Life care coordination model soon will be finding its way into senior living communities across the country under the terms of a new five-year licensing agreement between...
Workers, elderly focus of Women Summit initiatives
By
Lois A. Bowers
Jun 14, 2016
A new coalition to advocate for paid and unpaid caregivers, new legal assistance for victims of elder abuse, new materials describing women’s rights to employers and employees, and updated regulations...
A $60 million lawsuit alleging understaffing and fraudulent billing at 45 senior living communities in North Carolina “is an erroneous interpretation of Medicaid reimbursement in the state,”...
‘Buckle up for the tax reform roller coaster ride,’ Ventas’ Cafaro says
By
Lois A. Bowers
Jul 30, 2017
“Now the real estate community can buckle up for the tax reform roller coaster ride,” Ventas Chairman and CEO Debra Cafaro told those participating in a second-quarter earnings call Friday,...
‘Staffing and labor challenges do persist,’ provider survey finds
By
Lois A. Bowers
Oct 24, 2022
Nine percent of long-term care providers responding to the latest executive survey by the National Investment Center for Seniors Housing & Care said they continue to experience “severe” staffing shortages,...
Brookdale braces for challenges for rest of year
By
Lois A. Bowers
May 09, 2017
Brookdale Senior Living executives said Tuesday that they expect the rest of 2017 to be “challenging” but that they are pleased with the progress they are making on improving the company’s...
Rent increase, acquisitions up revenue, income despite occupancy decline at Ensign
By
Lois A. Bowers
Aug 06, 2018
Revenue and income were up in Ensign Group’s assisted living and independent living services segment in the second quarter compared with the same quarter of 2017, as acquisitions and rent increases...
Sabra ‘completely committed’ to senior living, ‘actively reviewing’ $2 billion in deals
By
Lois A. Bowers
Aug 06, 2021
Sabra Health Care REIT President and CEO Rick Matros said Thursday that the real estate investment trust remains “completely committed to continuing to grow in senior housing,” despite its decision,...