The Pennant Group reports ‘continued positive momentum’ in third quarter
By
Lois A. Bowers
Nov 09, 2023
The Pennant Group saw “continued positive momentum” in operating results in the third quarter, according to Pennant CEO Brent Guerisoli.
Omnicare long-term care pharmacy sale not expected any time soon, CVS says
By
Lois A. Bowers
Nov 02, 2023
The sale of CVS Health’s long-term care pharmacy business, Omnicare, isn’t expected “in the near term,” the company said Wednesday in a filing with the Securities and Exchange Commission.
After ‘delivering on its commitments’ in 2023, Pennant Group continues momentum into 2024
By
Kimberly Bonvissuto
Mar 01, 2024
Strong fourth-quarter 2023 results capped off a year of persistent progress and steady growth for the Pennant Group, according to CEO Brent Guerisoli, who on Thursday said the company delivered on its...
Brookdale Senior Living sells remaining interest in home health, hospice, therapy business, sees $27...
By
Lois A. Bowers
Dec 27, 2023
Brookdale Senior Living has sold the remaining 20% equity interest it held in its Health Care Services unconsolidated venture and received aggregate proceeds of approximately $27 million in the process,...
New York launches its first ‘master plan for aging’
By
Kimberly Bonvissuto
Nov 08, 2022
Building healthy, livable communities that provide opportunities for older adults to thrive is the goal of New York state’s first master plan for aging, adopted Friday.
‘Living Lab’ will embed researchers with senior living residents to study wellness initiatives
By
Kimberly Bonvissuto
Jul 25, 2022
A “Living Lab” within a California senior living community will embed researchers with residents to more easily launch initiatives to study health, well-being and longevity.
Court upholds arbitration agreement in assisted living resident’s wrongful death lawsuit
By
Kimberly Bonvissuto
Feb 21, 2024
The family of an assisted living resident who filed a wrongful death lawsuit is bound by an arbitration agreement signed when the resident moved into the community, the Tennessee Supreme Court has rule.
Operator sued by former executive for retaliation, hostile work environment
By
Kimberly Bonvissuto
Apr 19, 2023
A New Jersey-based senior living and skilled nursing operator is being accused of retaliation and fostering a hostile work environment by a former executive who claims she was fired after complaining about...
CVS records $349 million loss related to Omnicare long-term care pharmacy business
By
Lois A. Bowers
May 04, 2023
CVS Health in the first quarter recorded a $349 million loss on assets held for sale associated with the Omnicare business.
New law creates oversight of staffing agencies but doesn’t protect against ‘price-gouging’
By
Kimberly Bonvissuto
Nov 07, 2022
A new law in Pennsylvania will create oversight and accountability for long-term care staffing agencies, but it does not address the rates they charge.