Sonida Senior Living buys 9 communities, assumes management of 2 others
By
Kathleen Steele Gaivin
Jul 03, 2024
Sonida Senior Living has added nine senior living communities to its portfolio so far this year, all since May, the company announced Tuesday.
Spending on nursing homes, home care slows year over year
By
Kathleen Steele Gaivin
Jun 27, 2024
Between May 2023 and May 2024, overall healthcare costs grew by 3.4%, the fastest increase seen since December 2007, according to Altarum’s monthly Health Sector Economic Indicators brief, released Wednesday.
Long-term care providers among 193 criminally charged, $2.75 billion in fraud recoveries so far in 2024
By
Kathleen Steele Gaivin
Jul 01, 2024
The Justice Department has recovered more than $2.75 billion in false claims against healthcare providers and charged 193 defendants so far this year in criminal cases through its 2024 National Health...
Welltower codifies ESG initiatives in formal policy
By
Kathleen Steele Gaivin
Jun 28, 2024
Welltower has formalized its environmental, social and governance commitment in a board-approved ESG policy, according to the Toledo, OH-based real estate investment trust’s annual ESG report, released...
‘Deteriorating’ outlook for CCRCs to continue for rest of year: Fitch
By
Kathleen Steele Gaivin
Jun 26, 2024
The “deteriorating” outlook for the not-for-profit continuing care retirement / life plan communities sector will continue for the rest of the year, “indicating our expectation that credit pressures...
Unions advise NLRB to rescind old ‘joint employer’ rule and also drop new one
By
Kathleen Steele Gaivin
Jun 17, 2024
The AFL-CIO and the Service Employees International Union have petitioned the National Labor Relations Board to rescind a 2020 joint employer rule but also back off on trying to implement a replacement,...
Republican senators introduce joint resolution calling for overtime rule repeal
By
Kathleen Steele Gaivin
Jun 20, 2024
Republican Sens. Tommy Tuberville (AL) and Mike Braun (IN) on Monday introduced a joint resolution under the Congressional Review Act that if passed would repeal the federal overtime rule set to go into...
Prestige Care predicts layoffs ahead of shift to PACS Group
By
Kathleen Steele Gaivin
Jun 05, 2024
Vancouver, WA-based Prestige Care has begun a restructuring plan that may include layoffs as it prepares for acquisition by PACS Group in August.
Omega Healthcare Investors has ‘headroom’ to withstand LaVie’s bankruptcy: Fitch Ratings
By
Kathleen Steele Gaivin
Jun 12, 2024
Omega Healthcare Investors’ credit rating has enough of a cushion to weather the recent bankruptcy of tenant LaVie Care Centers, Fitch Ratings said Tuesday.
FTC challenges the challengers on noncompete rule
By
Kathleen Steele Gaivin
Jun 03, 2024
In response to mounting legal challenges and a looming court decision expected July 3, the Federal Trade Commission has filed a response to those seeking to stay a rule banning employer noncompete agreements.