SEC re-opens comment period on executive pay disclosure rule
By
Kathleen Steele Gaivin
Feb 01, 2022
Proposed federal rules would require public companies to disclose how the pay of their top executives lines up with a company’s financial performance. Before that happens, the Securities and Exchange...
Warren launches investigation into for-profit nursing homes after Genesis CEO bonus
By
Danielle Brown
Mar 19, 2021
A top U.S. lawmaker on Wednesday intensified her fiery attacks on beleaguered Genesis HealthCare’s issuance of a hefty bonus to a departing long-time CEO, even as the company was flailing amid the devastation...
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...
Increased pay among SNF execs likely to stick around: experts
By
Liza Berger
Oct 29, 2020
Although the pandemic has had a negative effect on many aspects of long-term care, skilled nursing executives’ salaries may not be one of them. COVID-19 actually is pushing up industry executives’...
Omnicare names Ahmed Hassan president
By
Kathleen Steele Gaivin
Jun 30, 2022
Long-term care pharmacy giant Omnicare announced Tuesday the appointment of Ahmed Hassan as president of the Cincinnati, OH-based company, effective Friday. Hassan is charged with executing the firm’s...
Capital Senior Living looks to turnaround strategy to survive ‘challenging’ environment
By
Kimberly Bonvissuto
May 22, 2020
Although COVID-19’s negative effects present “substantial” concerns about the company’s future, Capital Senior Living executives said Thursday that the company’s turnaround strategy creates “a...
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...
Genesis reports 7% occupancy decline in April; additional reductions expected
By
Danielle Brown
May 27, 2020
Genesis Healthcare is now requiring new or readmitted residents to be placed in quarantine units for 14 days before being transitioned into the general population at a facility in response to the COVID-19...
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...
Long-term care corporate executives see 2.67 percent salary increase
By
Kathleen Steele Gaivin
Feb 10, 2022
Long-term care corporate executives saw an average 2.67% increase in salary in 2021, according to the 38th edition of the Multi-Facility Corporate Compensation Report, released Thursday by the Hospital...