Omnicare parent CVS Health to lay off almost 3,000 employees
By
Lois A. Bowers
Oct 01, 2024
CVS Health, the parent company of long-term care pharmacy Omnicare, is planning to lay off approximately 2,900 employees as it faces “continued disruption, regulatory pressures and evolving consumer...
Almost a million Medicare beneficiaries potentially affected by data breach, CMS says
By
Lois A. Bowers
Sep 06, 2024
Almost a million Medicare beneficiaries could have been affected by a data breach announced Friday by the Centers for Medicare & Medicaid Services.
‘Truly miraculous’: Donors rally to save CCRC in receivership
By
Lois A. Bowers
Aug 28, 2024
Dozens of donors have pledged millions of dollars over the past few weeks to acquire and keep open a Colorado CCRC in receivership.
Economic worries are top stressor for 15 percent of older adults: survey
By
Lois A. Bowers
Aug 28, 2024
Fifteen percent of older adults participating in a new survey ranked economic insecurity as the top driver of their stress or anxiety over the past 12 months, and 31% listed it among their top three stressors.
Business briefs, Aug. 27
Aug 27, 2024
Pennsylvania retirement community sees $11.6 million operating loss … Trustee balks at $1.3M in incentives for executives in Petersen Health bankruptcy … How LTC facilities with employee-centered cultures...
Updated: LaVie Care Centers files for bankruptcy; asset sales possible this year
By
Lois A. Bowers
Jun 03, 2024
Atlanta-based LaVie Care Centers, which operates 43 licensed skilled nursing facilities in five states, has filed for Chapter 11 bankruptcy, with asset sales possible.
Social Security, Medicare solvency improves slightly, but ‘significant financing issues’...
By
Lois A. Bowers
May 07, 2024
The Treasury Department — with the departments of Health and Human Services and Labor, the Centers for Medicare & Medicaid Services and the Social Security Administration — released the annual Social...
14 states will share ways to expand direct care workforce
By
Lois A. Bowers
May 07, 2024
Fourteen states have been selected to participate in a program through which they can share information about proven models for expanding the direct care workforce.
A final rule issued Tuesday by the Federal Trade Commission will prohibit employers across the country from using noncompete agreements in most instances.
Labor Department announces $200 million in grants for apprenticeships in nursing, hospitality, other...
By
Lois A. Bowers
Feb 26, 2024
The US Department of Labor has announced the availability of almost $200 million in grants to support public-private partnerships that “expand, diversify and strengthen” registered apprenticeships...