Long-term care investment company executive agrees to pay $2.25 million to settle fraud charges
By
Lois A. Bowers
Sep 25, 2019
A Chicago businessman and his company have agreed to pay more than $2.25 million to settle charges against him without admitting or denying that he defrauded investors in the Orthodox Jewish community...
AdCare prepares compliance plan for NYSE listing
By
Lois A. Bowers
May 17, 2016
AdCare Health Systems has formulated a plan to get back into the good graces of the New York Stock Exchange, company officials told those participating in a first quarter 2016 earnings call on Tuesday.
Brookdale’s $4 billion acquisition on hold: report
By
Lois A. Bowers
Aug 07, 2017
Brookdale Senior Living’s talks to be acquired by Beijing-based Zhonghong Zhuoye Group Co. Ltd. have stalled because Chinese regulatory officials are more carefully scrutinizing overseas investments...
Maplewood begins paying $21 million rent as Manhattan high-rise prepares to open
By
Lois A. Bowers
Feb 07, 2020
Maplewood Senior Living in January began paying annual rent of $21 million on the Inspir Carnegie Hill luxury senior living community in Manhattan, and the property is expected to open at the end of the...
Updated: CVS plans to sell Omnicare long-term care pharmacy business, saying it is ‘no longer a strategic...
By
Lois A. Bowers
Nov 02, 2022
CVS Health plans to sell its long-term care pharmacy business, Omnicare, reporting a $2.5 billion loss on it in the third quarter, the company announced Wednesday.
2 Five Star shareholders urge peers to reject tender offer
By
Lois A. Bowers
Nov 07, 2016
Two Five Star Quality Care shareholders on Monday urged their fellow shareholders to reject a $3-per-share tender offer set to expire at midnight Friday, saying it is “grossly undervalued, fraught...
Sonida Senior Living takes steps to solidify future
By
Lois A. Bowers
May 12, 2023
Sonida Senior Living executives continue to feel uncertain about the future of the company, less than two months after reporting “substantial doubt about our ability to continue as a going concern,”...
Capital Senior Living tries new operating model to boost performance
By
Lois A. Bowers
Nov 03, 2017
Expressing disappointment in the company’s recent operational and sales performance, Capital Senior Living executives outlined for shareholders and analysts the steps the company is taking to get...
Activist shareholder plans to vote against slate of Brookdale directors at annual meeting
By
Lois A. Bowers
Sep 13, 2018
Brookdale Senior Living shareholder Land & Buildings intends to vote against the three directors up for election at Brookdale’s annual meeting Oct. 4, the Stamford, CT-based investment manager’s...
Quality Care Properties discloses two merger-related lawsuits as potential suitor withdraws
By
Lois A. Bowers
Jul 03, 2018
A potential rival to real estate investment trust Welltower’s plans to merge with Quality Care Properties has withdrawn its acquisition proposal and no longer is considering a transaction with the...