Invesque remains ‘bullish’ on senior living as it continues to transform portfolio
By
Kimberly Bonvissuto
Aug 15, 2023
In a busy second quarter, Invesque continued carrying out its strategy to focus its portfolio predominantly on private-pay senior living through sales, operator transitions and acquisitions.
What’s next after NIC for Brian Jurutka
By
Lois A. Bowers
Aug 14, 2023
Brian Jurutka, former president and CEO of the National Investment Center for Seniors Housing & Care, has started a new chapter in his career, and it’s one that will enable him to continue to use data...
‘Slow and steady’ wins the race as Sabra reports ‘encouraging’ operating trends
By
Kimberly Bonvissuto
Aug 09, 2023
Increasing occupancy and declining labor expenses are leading to promising operating trends for Sabra Health Care REIT, according to CEO, President and Chair Rick Matros.
Court approves class action status for assisted living staffing lawsuit
By
Kimberly Bonvissuto
Aug 09, 2023
An appellate court has granted class certification to residents alleging that a senior living operator used deceptive practices by falsely promising to adequately staff its communities to meet resident...
After ‘exciting and busy’ quarter, pricing expectations may hinder senior living deals, CareTrust...
By
Lois A. Bowers
Aug 07, 2023
CareTrust REIT’s “exciting and busy” second quarter included acquisitions in senior living, but future deals in the sector in the near term may be challenged by “a gap between seller and buyer...
Omnicare parent CVS Health to lay off 5,000
By
Lois A. Bowers
Aug 03, 2023
Long-term care pharmacy Omnicare’s parent company, CVS Health, will lay off 5,000 employees, the company formally announced Wednesday.
Employee handbook language makes senior living provider’s arbitration policy ‘unenforceable,’ court...
By
Kimberly Bonvissuto
Jul 31, 2023
A senior living provider’s employee arbitration agreement is “unenforceable” because the company reserved the right to unilaterally alter the policy without advance notice, a court has ruled.
Merger remains ‘best path,’ DHC CEO says, as senior living properties struggle with pandemic recovery
By
Kimberly Bonvissuto
Jul 28, 2023
Diversified Healthcare Trust’s pending merger with Office Properties Income Trust remains the “best path” forward as DHC’s senior housing operating portfolio continues to struggle in its COVID-19...
New ‘joint employer’ rule coming next month: NLRB
By
Kimberly Bonvissuto
Jul 28, 2023
A new “joint employer” rule will be coming next month, according to the National Labor Relations Board’s agenda published Thursday to the Federal Register.
Dementia testing: Older adults see value, but few have undergone it
By
Kimberly Bonvissuto
Jul 24, 2023
The majority of older adults see benefit in dementia screening tests, but most have not been tested in the past year, and a majority never have been screened, according to the results of a new poll.