Brookdale CEO ‘hamstrung’ by board, says shareholder who recommends changes
By
Lois A. Bowers
Aug 10, 2018
Brookdale Senior Living’s board has “hamstrung” President and CEO Cindy Baier in her efforts to maximize shareholder value, activist investor Jonathan Litt said Thursday. He singled out...
Brookdale road test of turnaround strategy leads to ‘renewed focus,’ CEO says
By
Lois A. Bowers
Aug 08, 2018
Recent visits that saw approximately 20 members of the company’s senior leadership team work in Brookdale Senior Living communities across the country affirmed that the company is on the right track...
Dominion counts on profit-sharing to woo, keep executive directors
By
Lois A. Bowers
Aug 25, 2017
Dominion Senior Living is adapting Chick-fil-A’s employment approach to senior living, banking on the belief that executive directors who “own” the experience at their communities will...
CVS says long-term care business ‘on track’ despite operating income decrease
By
Lois A. Bowers
May 02, 2019
CVS continues to “work diligently in driving growth for the assisted living space” through its Omnicare long-term care pharmacy business, CVS President and CEO Larry Merlo said Wednesday during the...
CVS looks to assisted living for future Omnicare success after disappointing quarter
By
Lois A. Bowers
Aug 09, 2018
Assisted living figures prominently in the future plans that CVS Health executives shared Wednesday to improve performance in its Omnicare long-term care pharmacy business.
The Brookdale Senior Living Board of Directors welcomed a new member as part of an agreement with an activist shareholder that will have additional effects on the company’s annual meetings in 2017...
Obama-era overtime rule declared unlawful
By
Lois A. Bowers
Sep 01, 2017
A federal judge Thursday declared unlawful an Obama-era Labor Department rule that would have made 4.2 million more workers eligible for overtime pay by raising the salary threshold for eligibility from...
Welltower settlement delays start of former executive at HCP
By
Lois A. Bowers
Nov 08, 2017
Welltower has settled a lawsuit against a former employee, and the terms will push back his start date with a competitor about two months, executives said Tuesday. During an earnings call, they also discussed...
Big senior living stories of 2018
By
Lois A. Bowers
Dec 21, 2018
Here’s a look at some of the news that occupied many minds in senior living over the past year.
Memory care will be big growth area in 2018, senior living leaders predict
By
Lois A. Bowers
Feb 14, 2018
Memory care will be the biggest growth area in senior living and long-term care in 2018, predict executives participating in Lancaster Pollard’s “2018 Seniors Housing and Care Survey,”...