‘Private equity abuse’ in long-term care is target of new federal bill
By
Lois A. Bowers
Jun 13, 2024
Two Democratic senators from Massachusetts have introduced a bill they say is meant to “root out corporate greed and private equity abuse” in nursing homes, assisted living communities, home health...
More acquisitions, conversions on tap for Capital Senior Living
By
Lois A. Bowers
Mar 01, 2017
Capital Senior Living in 2017 will be focused on acquiring new communities, increasing the number of properties it owns rather than leases, and converting some existing independent living units to assisted...
Brookdale CEO Andy Smith to become president as two executives exit
By
Lois A. Bowers
Mar 01, 2016
Brookdale Senior Living CEO Andy Smith will add the duties of president to his role later this month as two executives step down, the company announced today.
Ensign says ‘it’s the right time’ to spin off senior living, home health and hospice businesses
By
Lois A. Bowers
May 08, 2019
With favorable market conditions, the infrastructure in place and a prepared organization and leadership, the time was right to spin off Ensign’s home health and hospice agencies, along with most of...
Shareholders say they will vote against Colony NorthStar REIT plans
By
Lois A. Bowers
Sep 20, 2016
NorthStar Asset Management Group’s largest shareholders on Monday said they would not vote for the company’s current plans to merge with private equity firm Colony Capital and commercial real...
Shareholder issues ‘referendum’ on Brookdale performance
By
Lois A. Bowers
Aug 14, 2019
Activist investor Land & Buildings released another open letter to fellow Brookdale Senior Living shareholders Tuesday, calling it “a referendum on the company’s historical underperformance” as well...
Overtime rule elicits generally positive responses from provider groups, but concerns remain
By
Lois A. Bowers
Sep 25, 2019
The final overtime rule issued Tuesday by the Department of Labor garnered favorable comments from many industry groups representing senior living organizations and other long-term care providers, although...
Proposed overtime rule would worsen workforce, resident access issues, provider groups fear
By
Lois A. Bowers
Aug 31, 2023
A Labor Department-proposed rule that would make approximately 3.6 million more salaried workers and so-called highly compensated employees eligible for overtime pay is “ill-timed” and would worsen...
Decker succeeds Cobb on Brookdale board
Sep 28, 2015
Daniel A. Decker has been named a Class I director and the nonexecutive chairman of the board of Brookdale Senior Living, effective Oct. 1.
HeartLegacy showcases messaging technology for sales
Apr 19, 2019
Senior care technology company HeartLegacy offered demonstrations of its recently released SalesMail technology at the 2019 Argentum Senior Living Executive Conference in San Antonio.