The Federal Trade Commission’s final rule on noncompete agreements, handed down last week, now faces additional legal challenges.
Brookdale to ‘shore up forecasting and financial control’ with leadership changes, analyst says
By
Kathleen Steele Gaivin
Jan 17, 2023
Leadership changes announced Friday by Brookdale Senior Living President President and CEO Lucinda “Cindy” Baier are meant to “shore up forecasting and financial control,” Stifel analyst Tao Qiu...
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,...
Brookdale Senior Living refinances $220 million in debt
By
Kathleen Steele Gaivin
Oct 18, 2022
Brookdale Senior Living announced Monday that the company has substantially reduced all 2023 debt maturities with $220 million in refinancing.
Support growing for bill that would limit noncompete agreements, lawmakers say
By
Kathleen Steele Gaivin
Feb 13, 2023
A bipartisan group of lawmakers says that support is growing for a bill reintroduced in both the Senate and the House of Representatives earlier this month that seeks to limit the use of noncompete agreements....
Overtime rule sometimes applies to ‘highly paid’ workers, Supreme Court rules
By
Kathleen Steele Gaivin
Feb 24, 2023
The Supreme Court ruled Wednesday that, under certain circumstances, “highly paid” employees can be eligible for overtime pay if they are paid daily rather than on a salaried basis.