Omnicare long-term care pharmacy sale not expected any time soon, CVS says
By
Lois A. Bowers
Nov 02, 2023
The sale of CVS Health’s long-term care pharmacy business, Omnicare, isn’t expected “in the near term,” the company said Wednesday in a filing with the Securities and Exchange Commission.
Sonida Senior Living marks 5 quarters of occupancy, revenue growth
By
Lois A. Bowers
Aug 15, 2022
The second quarter marked five consecutive quarters of occupancy and revenue growth for Dallas-based Sonida Senior Living, departing President and CEO Kimberly Lody reported Friday during the company’s...
Omnicare notifying workers of layoffs this week
By
Lois A. Bowers
Jan 30, 2024
Cincinnati-based long-term care pharmacy provider Omnicare is announcing layoffs this week as a result of a review of operations “and other market dynamics,” a company representative told McKnight’s...
‘Joint employer’ rule effective date extended by NLRB
By
Lois A. Bowers
Nov 17, 2023
The National Labor Relations Board has extended the effective date of its “joint employer” rule to Feb. 26, two months later than the original effective date.
‘Joint employer’ rule vacated by judge; business group cheers, NLRB considers next steps
By
Lois A. Bowers
Mar 11, 2024
The US Chamber of Commerce is celebrating, and the National Labor Relations Board is “considering next steps,” after a federal judge on Friday evening vacated the NLRB’s “joint employer” rule...
Newsweek, Statista recognize 250 CCRCs with release of first-ever rankings
By
Lois A. Bowers
Nov 29, 2023
Newsweek and global market research and consumer data firm Statista this morning are recognizing 250 US continuing care retirement / life plan communities via the announcement of their first-ever “America’s...
Brookdale Senior Living sells remaining interest in home health, hospice, therapy business, sees $27...
By
Lois A. Bowers
Dec 27, 2023
Brookdale Senior Living has sold the remaining 20% equity interest it held in its Health Care Services unconsolidated venture and received aggregate proceeds of approximately $27 million in the process,...
UPDATED: LTC Properties sells, re-leases or transfers management of 35 Brookdale Senior Living communities
By
Lois A. Bowers
Jan 08, 2024
The REIT expects net proceeds of $23 million and an anticipated net gain of $17 million related to the property sales.
Newsweek has announced plans to publish its first-ever ranking of US continuing care retirement communities, with results based on surveys that are underway.
AlerisLife rejected 2 suitors before accepting managing director’s acquisition offer
By
Lois A. Bowers
Feb 21, 2023
AlerisLife rejected two acquisition offers before ultimately accepting one made by an entity controlled by one of its managing directors, who also is the chair of its board, according to documents filed...