Inflation, rising rates and mounting indications of a recession present challenges and opportunities for CareTrust REIT and its operating partners, President and CEO Dave Sedgwick said in discussing the...
LTC Properties defers or abates $2 million in rent as operators feel ‘some stress’
By
Lois A. Bowers
May 02, 2022
Long-term care operators felt “some stress” in the first quarter as they continued to confront labor pressures and inflation, LTC Properties Chairman and CEO Wendy Simpson said Friday during the Westlake...
What the growing wealth gap could mean for senior living
By
Lois A. Bowers
May 21, 2018
Could the future success of the senior living industry depend on actions that might affect near-term success?
Brookdale faces SNF lawsuit from coalition including Biden’s pick for HHS secretary
By
Lois A. Bowers
Mar 16, 2021
A lawsuit filed Monday accuses Brookdale Senior Living of lying to the Centers for Medicare & Medicaid Services to inflate the star ratings awarded to some of its skilled nursing facilities. The legal...
What Brexit means to U.S. seniors housing
By
Lois A. Bowers
Jun 30, 2016
Beth Burnham Mace, chief economist for the National Investment Center for Seniors Housing & Care, explains the potential broad effects of the United Kingdom decision to leave the European Union and how...
CVS says long-term care business ‘on track’ despite operating income decrease
By
Lois A. Bowers
May 02, 2019
CVS continues to “work diligently in driving growth for the assisted living space” through its Omnicare long-term care pharmacy business, CVS President and CEO Larry Merlo said Wednesday during the...
Former American Senior Communities COO gets 57-month prison sentence
By
Lois A. Bowers
Jul 09, 2018
Former American Senior Communities Chief Operating Officer Daniel Benson was sentenced Friday to 57 months in federal prison for his role in a $19.4 million fraud, kickback and money-laundering scheme...
ASC’s former CEO sentenced to 9.5 years in federal prison for role in $19.4 million fraud scheme
By
Lois A. Bowers
Jul 02, 2018
Former American Senior Communities CEO James Burkhart was sentenced Friday to 9 1/2 years in prison for his role in what U.S. Attorney Josh J. Minkler described as a “massive fraud, kickback and...
Larger employers should be required to offer retirement plans, group says
By
Lois A. Bowers
Jun 09, 2016
Requiring most employers to offer retirement plans for their workers would help ensure that Americans have enough money to pay for their needs after they stop working, the nonprofit Bipartisan Policy Center...
$25 million in COVID-19 payments will support 211 long-term care organizations
By
Lois A. Bowers
Aug 08, 2022
One-time payments totaling $25 million will be issued to 211 long-term care organizations in Maine to help them recover from the pandemic, Gov. Janet Mills (D) announced Thursday.