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.
‘Business pandemic’ will spur lawsuit wave: M&A litigator
By
Amy Novotney
May 20, 2020
Despite efforts by Republican lawmakers to create stronger liability protections for healthcare workers and small businesses hammered by the pandemic, COVID-19-related lawsuits still are likely to be pursued,...
Long-term care M&A activity increases to 110 deals in second quarter
By
Kathleen Steele Gaivin
Jul 18, 2023
The number of publicly announced senior living and skilled nursing-related mergers and acquisitions increased by 11% during the second quarter of the year, to 110 deals from 99 transactions in the first...
25 attorneys general sue Labor Department over ESG rule
By
Kathleen Steele Gaivin
Feb 01, 2023
Twenty-five Republican state attorneys general have filed a lawsuit challenging the Department of Labor’s new rule that allows plan fiduciaries to consider climate change and other environmental, social...
Proposed federal regulation aims to help workers keep track of retirement savings when they switch jobs
By
Kathleen Steele Gaivin
Jan 22, 2024
A new regulation proposed last week by the Department of Labor’s Employee Benefits Security Administration aims to help workers keep track of their retirement savings accounts better and improve their...
Federal judge rejects Florida AG’s case to block vaccination rule for healthcare workers
By
Kathleen Steele Gaivin
Nov 23, 2021
U.S. District Judge M. Casey Rodgers on Saturday denied a motion by Florida Attorney General Ashley Moody asking for a preliminary injunction or temporary restraining order against the Centers for Medicare...
New merger guidelines would consider competition, market concentration
By
Kathleen Steele Gaivin
Jul 24, 2023
New merger guidelines proposed by the Federal Trade Commission and the Department of Justice are meant to consider the intricacies of the modern economy, such mergers that are part of a series of multiple...
National initiative aims to strengthen bond between direct care workers, family caregivers
By
Kathleen Steele Gaivin
Oct 27, 2023
A joint initiative between PHI and the National Alliance for Caregiving aims to increase awareness of the challenges direct care workers and family caregivers face, and strengthen the bond between the...
FTC, DOJ launch public inquiry into illegal mergers
By
Kathleen Steele Gaivin
Jan 21, 2022
The Federal Trade Commission and the Justice Department’s Antitrust Division launched a joint public inquiry Tuesday aimed at modernizing federal merger guidelines to better prevent illegal, anticompetitive...
Recession-proof senior housing REITs a ‘good bet’ for investors
By
Kathleen Steele Gaivin
Jul 14, 2022
Debate exists among experts about whether the United States is heading for recession or already is there, but there is some agreement that senior housing is a recession-proof investment.