BREAKING NEWS: 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...
Brookdale Senior Living to acquire 41 communities for $610 million
By
Lois A. Bowers
Sep 30, 2024
Brookdale Senior Living will acquire 41 communities for $610 million, the company announced Monday morning.
Brookdale Senior Living to buy 18 communities from Diversified Healthcare Trust for $135 million
By
Lois A. Bowers
Sep 30, 2024
Brookdale Senior Living will pay $135 million to buy 18 senior living communities from Diversified Healthcare Trust, the Newton, MA-based real-estate investment trust has announced.
More than ADLs: Assisted living now is about treatment, Silverado CEO says
By
Lois A. Bowers
Sep 30, 2024
Assisted living is a “whole different world” compared with 28 years ago, Silverado CEO Loren Shook told those attending a session at the National Investment Center for Seniors Housing & Care’s...
‘Far more people’ receive HCBS than institutional services, CMS says
By
Lois A. Bowers
Sep 30, 2024
“Far more people” received home- and community-based services such as those provided in some assisted living communities and other settings than institutional services such as those provided in nursing...
HHS announces $19 million to build long-term care, acute care nurse workforce
By
Lois A. Bowers
Sep 18, 2024
The federal government on Tuesday announced $19 million in funding to five schools to help educate nurses to work in long-term care and acute healthcare settings.
Actions & Transactions, Sept. 3
By
Lois A. Bowers
Sep 03, 2024
CareTrust REIT acquires 2 SNFs for $62.1 million, replenishes investment pipeline … Blueprint facilitates sale of a 60-unit assisted living community in Florida … Oct. 1 is bid deadline for Autumn...
New federal agency partnership to focus on labor issues in merger investigations
By
Lois A. Bowers
Aug 29, 2024
The Department of Justice Antitrust Division, Department of Labor, Federal Trade Commission and National Labor Relations Board General Counsel will work together to “strengthen worker protections and...
Actions & Transaction, Aug. 29
By
Lois A. Bowers
Aug 29, 2024
JLL Capital Markets arranges $115 million bridge loan for four-state Town Village Portfolio … Experience Senior Living opens showroom in Denver for first senior living community under its new luxury...
‘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.