Almost 40% of surveyed M&A executives are considering long-term care
By
Lois A. Bowers
Jul 03, 2018
The category of home health, long-term care and hospice services holds high interest for more than one-third of corporate or private equity executives planning to make an acquisition in the next 12 to...
HCR ManorCare post-bankruptcy plans, including CEO, announced by Quality Care Properties
By
Lois A. Bowers
Mar 05, 2018
Guy Sansone is expected to be the new CEO of HCR ManorCare once the dust settles from a Chapter 11 bankruptcy filing that happened Sunday. Quality Care Properties outlined plans Friday as the REIT announced...
Assisted living, post-acute providers have ‘room for progress’ in four key areas, HHS secretary...
By
Lois A. Bowers
Jun 06, 2018
Assisted living and post-acute care providers “will play a key role in the healthcare system over the next several decades,” HHS Secretary Alex M. Azar II said Tuesday. Both industries, however,...
Healthcare peers still top long-term care workers in flu vaccination
By
Lois A. Bowers
Sep 29, 2017
More long-term care workers than not are getting vaccinated against the flu, but they are less likely than other healthcare workers to get the shot, according to new data released Thursday by the Centers...
AlerisLife names interim CEO to replace Katie Potter, begins operational review
By
Lois A. Bowers
May 02, 2022
AlerisLife (formerly Five Star Senior Living) announced Monday morning that Katie Potter has resigned as president and CEO and that Chief Financial Officer Jeff Leer has been appointed to succeed her on...
Provider boosts cybersecurity infrastructure, training after 2 ransomware attacks
By
Lois A. Bowers
Nov 29, 2021
Cincinnati-based Episcopal Retirement Services said that it is implementing additional safeguards to its existing cybersecurity infrastructure and enhancing employee cybersecurity training after experiencing...
Philip Esformes sentenced to 20 years in prison in healthcare fraud case
By
Lois A. Bowers
Sep 12, 2019
Former Florida assisted living and skilled nursing facility owner Philip Esformes has been sentenced to 20 years in prison for his role in a case that the federal government continues to describe as “the...
Senior living executive settles in $3.9 million SEC fraud case
By
Lois A. Bowers
Jul 12, 2017
A South Carolina businessman has settled with the Securities and Exchange Commission after being charged in January in a $3.9 million fraud case for allegedly diverting investor funds meant to buy or renovate...
Home healthcare faces Supreme Court labor decision, proposed CMS cuts
By
Lois A. Bowers
Jun 27, 2016
The Supreme Court on Monday declined to hear a challenge to a rule requiring home health agencies to pay workers minimum wage and overtime, and CMS proposed reducing Medicare payments to home health agencies...
Worker freedom or rigged system? Groups weigh in on Supreme Court union decision
By
Lois A. Bowers
Jun 28, 2018
Wednesday’s U.S. Supreme Court decision that unions can’t collect fees from nonunion employees without their explicit consent is either “a long-awaited victory for worker freedom”...