The former CEO of Assisted Living Concepts Inc. can’t bring a constitutional challenge to the U.S. Securities and Exchange Commission’s in-house court when a proceeding against her is ongoing, the Supreme Court ruled Monday. The high court upheld a Seventh Circuit ruling denying Laurie Bebo’s petition that seeks review of whether she can raise such […]
Category: Management & Operations
As part of the ongoing effort to reduce hospitalizations of skilled nursing residents, some providers will be eligible for increased payments to beef up their services, the Centers for Medicare & Medicaid Services (CMS) has announced. Skilled nursing facilities participating in Phase Two of the Initiative to Reduce Preventable Hospitalizations will receive payments for multidisciplinary […]
Senior Housing News will be out of the office Friday, March 25. We will return to our normal posting schedule Monday, March 28. For now, catch up on what readers tuned into this week on SHN, including yet another new entrant in the senior living space, this time helmed by the former COO of Senior […]
A wave of new bills about camera regulations in assisted living settings is bringing privacy issues to a head as technology increasingly tracks data and monitors resident in the senior housing industry. While five states have implemented monitoring regulations within skilled nursing settings, two other states are looking to spread these laws into assisted living and […]
There’s another new entrant in senior living, and the recently launched owner, operator and developer has set out to become an employer of choice in the sector. And its leader—the former COO of Senior Lifestyle Corp.—plans to remain unusually visible within his communities. Naperville, Illinois-based Charter Senior Living is initially targeting new developments and acquisitions […]
In a move that reflects the ongoing conflict between a major global asset management firm and an activist shareholder, NorthStar Asset Management (NYSE: NSAM) announced it has formed a special committee of independent directors to continue to work on strategic alternatives to recapture shareholder value. However, one shareholder is questioning the independence of the directors. […]
John B. Goodman, chairman of senior living development and management company The Goodman Group, died on March 20 from complications following a heart attack, the company announced Tuesday. Goodman was 66 years old. Goodman had led the Chaska, Minnesota-based company since 1976. Originally founded by Goodman’s father as Sage Company, The Goodman Group now encompasses […]
After an ongoing fight between a disgruntled shareholder and one of the largest senior living operators, the parties have reached an agreement that involves the appointment of a new, independent board member. Capital Senior Living (NYSE: CSU) has seemingly settled its differences in an agreement with Lucus Advisors LLS, an investment management firm that publicly […]
The nation’s largest senior housing provider is standing firm against allegations of Medicare fraud first brought against the company in 2012. Brookdale Senior Living (NYSE: BKD) has asked the U.S. Court of Appeals for the Sixth Circuit to uphold a November 2015 decision rejecting a nurse’s False Claims Act lawsuit against the company for home […]
This week, Senior Housing News readers learned about a new senior living company founded by a former Brookdale executive. Readers were also clued into why electronic health record adoption is expected to accelerate, and why the shifting mergers and acquisitions climate is putting senior housing cap rates into question. Here in the newsroom, we were […]
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