Industry veterans launch tech-driven culinary services company, Restaura
By
Kathleen Steele Gaivin
Oct 02, 2024
Phoenix3 Holdings, which partners to invest in lifestyle and integrated service companies, has launched Boston-based Restaura Hospitality Group. The company will partner with senior living communities...
Another state bans employers’ ‘captive audience’ meetings
By
Kathleen Steele Gaivin
Oct 02, 2024
California is the most recent state to ban so-called captive audience meetings, where employers might give speeches that discourage employees from joining unions or that promote that the company is anti-union...
Well-Spring Group, Brightspire officially under new parent entity, Kintura
By
Kathleen Steele Gaivin
Oct 02, 2024
The Well-Spring Group and Brightspire on Monday officially closed on their agreement to come together as one new parent entity, the Greensboro, NC-based nonprofit Kintura.
Business briefs, Oct. 2
By
Kathleen Steele Gaivin
Oct 02, 2024
Wound-related insurance claims increasing in senior living … Brookdale, Welltower retain top spots on ASHA 50 … Welltower reports Sagora portfolio conversion, sales to Brookdale … Brookdale to acquire...
Actions & Transactions, Oct. 2
By
Kathleen Steele Gaivin
Oct 02, 2024
Pennant Group announces public offering of common stock … LTC Properties declares monthly cash dividend of $0.19 per common share per month for fourth quarter … Olshan Properties, O’Connor Capital...
Omnicare parent CVS Health to lay off almost 3,000 employees
By
Lois A. Bowers
Oct 01, 2024
CVS Health, the parent company of long-term care pharmacy Omnicare, is planning to lay off approximately 2,900 employees as it faces “continued disruption, regulatory pressures and evolving consumer...
Healthcare Trust completes management internalization, rebrands as National Healthcare Properties
By
Kathleen Steele Gaivin
Oct 01, 2024
Healthcare Trust Inc. has completed the previously announced internalization of management functions, the New York-based real estate investment trust said Monday.
Governor vetoes private equity bill that would have affected healthcare transactions
By
Kathleen Steele Gaivin
Oct 01, 2024
California Gov. Gavin Newsom (D) on Saturday vetoed a bill that would have required private equity firms and hedge fund organizations in the state to provide advance notice to the state’s attorney general...
Financial insecurity ‘snowballing’ among older adults
By
Kathleen Steele Gaivin
Oct 01, 2024
Eighty percent of Americans aged 60 or more years face financial insecurity about paying for long-term care or weathering financial emergencies, according to a report published last week by the National...
Business briefs, Oct. 1
By
Kathleen Steele Gaivin
Oct 01, 2024
Labor Department awards $18.4M to study the effect of training on employment outcomes for low income, older workers … Emory nursing school receives $1.6 million grant to study dementia care disparities...