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.
Amidst an increasingly uncertain economic outlook, Welltower reported another quarter of operating results that continue to exceed the company’s expectations, powered by “exceptional” growth in its...
Winning bidder identified for large nonprofit CCRC in bankruptcy
By
Kimberly Bonvissuto
Oct 31, 2023
A winning bidder has been identified for one of the nation’s largest nonprofit continuing care retirement communities, which had declared bankruptcy in June, citing effects of the COVID-19 pandemic.
New initiative unifies direct care workers and family caregivers to achieve better outcomes
By
Kimberly Bonvissuto
Oct 27, 2023
A multi-year collaboration aims to strengthen the relationship between direct care workers and family caregivers by drawing attention to policy barriers, research needs and workforce initiatives.
UPDATED: COVID-related criminal charges dismissed against Silverado
By
Kimberly Bonvissuto
Oct 26, 2023
“It’s a great day for the industry as a whole,” Silverado President, CEO and Chairman Loren Shook said Thursday in response to the dismissal of all criminal charges against the senior living operator...
Sonida optimistic for near-term outcomes, with ‘significant momentum’ heading into Q4
By
Kimberly Bonvissuto
Oct 11, 2023
Third-quarter occupancy gains on the heels of finalization of a comprehensive restructuring plan are creating “significant momentum” and optimism for near-term outcomes for Sonida Senior Living heading...
Murder charge in resident freezing death reduced for assisted living CNA
By
Kimberly Bonvissuto
Oct 11, 2023
An assisted living worker facing a second-degree murder charge in the freezing death of a resident pleaded guilty to a reduced charge last week.
Diversified Healthcare Trust announces personnel changes as it considers next steps in wake of failed...
By
Kimberly Bonvissuto
Sep 28, 2023
Diversified Healthcare Trust, or DHC, has announced changes to its board and executive leadership team, and has enlisted the services of a financial adviser, as it seeks solutions to its financial needs...
Mitigating risk of falls in senior living improves resident, community well-being
By
Kimberly Bonvissuto
Sep 27, 2023
The majority of liability claims against senior living and care settings comes from falls, so operators that don’t have protocols in place to document interventions face a host of financial, reputational,...
Senior living-university partnerships address future of aging
By
Kimberly Bonvissuto
Sep 22, 2023
As older baby boomers continue to change the traditional idea of senior living, a Texas-based developer is working with universities to create intergenerational, wellness-infused residential developments.