Invesque announced several moves Wednesday to preserve cash and strengthen the company’s balance sheet. These included the suspension of its dividend for common shareholders, executive compensation and...
Brookdale executives donating pay, paid time off to staff during pandemic
By
Amy Novotney
Apr 15, 2020
Brookdale Senior Living President and CEO Cindy Baier donated more than two months’ salary to the firm’s Associate Compassion Fund, the company has announced. Other members of the executive team and...
Capital Senior Living suspends director equity awards
By
Amy Novotney
Mar 30, 2020
In light of the current economic conditions, the Board of Directors for Capital Senior Living on Monday approved a temporary suspension of equity awards to any director or officer of the company. The Compensation...
New Senior: March occupancy decline is expected to be the lowest since the start of the pandemic
By
Amy Novotney
Apr 08, 2021
New York City-based New Senior Investment Group reported Tuesday that although occupancy continued to decline in the first quarter, monthly occupancy trends have improved significantly.
We’re ‘on road to recovery,’ say execs at Brookdale, Capital Senior Living
By
Amy Novotney
Mar 12, 2021
The leading indicators all are pointing toward recovery, according to executives at both Brookdale Senior Living and Capital Senior Living during presentations this week at the Barclays Global Healthcare...
PwC Survey: CFOs expect permanent changes following pandemic
By
Amy Novotney
Apr 30, 2020
Chief financial leaders across the nation are expecting broad changes in their workplace, workflows, staffing demands, financial outlook and merger and acquisition strategy following the COVID-19 pandemic....
More stringent equal pay laws, minimum wage hikes expected under Biden administration: experts
By
Amy Novotney
Jan 14, 2021
Long-term care operators can anticipate several changes in employment and labor laws once the country inaugurates a new president next week, according to a group of legal experts from the international...
Business briefs for Thursday, April 16
Apr 16, 2020
Small businesses still aren’t seeing cash from SBA program … Capital Senior Living executive purchased nearly $5,000 in company stock Monday … Monticello provides $66.6M in financing for Maryland...
Jan. 13 is new nomination deadline for McKnight’s Women of Distinction award
By
Amy Novotney
Jan 06, 2021
If you haven’t had a chance to make your submission before today’s McKnight’s Women of Distinction award nomination deadline, there’s good news. It’s been extended.
Senior living community fined for not paying overtime to salaried employee
By
Amy Novotney
Jun 13, 2022
A senior living community serving more than 900 residents will pay almost $7,000 in back wages after denying a salaried worker overtime wages, the Department of Labor’s Wage and Hour Division announced...