Long-term care pharmacy PharMerica intends to merge with BrightSpring Health Services, a large provider of home- and community-based care. The two companies will be under the private equity ownership of KKR, with an affiliate of Walgreens Boots Alliance (Nasdaq: WBA) holding a minority stake, according to an announcement issued Tuesday. Full financial terms of the transaction […]
Category: Pharmacy
Medication management is a growing service area that presents an important opportunity for senior living operators. Whether medication management is performed in-house or is outsourced, it addresses a burdensome task that may otherwise fall on residents’ loved ones or the residents themselves. But managing multiple medications for residents, particularly when an operator has many communities, […]
Medication management is a growing service area that presents an important opportunity for senior living operators. Whether medication management is performed in-house or outsourced, it addresses a burdensome task that may otherwise fall on residents’ loved ones or the residents themselves. But managing multiple medications for residents, particularly when an operator has many communities, can […]
As the opioid epidemic dominates headlines across America, senior living providers are affected by the crisis—and in some cases, they’re on the front-lines of the battle. Register today for the Opioids & Senior Living: How Operators Can Learn To Manage The Crisis In Their Communities webinar to hear from veteran operators, physicians and academics on […]
As the opioid epidemic dominates headlines across America, senior living providers are affected by the crisis—and in some cases, they’re at the front-lines of the battle. Register today for the Opioids & Senior Living: How Operators Can Learn To Manage The Crisis In Their Communities webinar to hear from veteran operators, physicians and academics on […]
Despite national campaigns spearheaded by the U.S. government to reduce the use of antipsychotic medications in nursing homes, many states are rarely penalized for over-sedating their residents, according to a recent NPR report. While antipsychotic drugs have been proven to help people with mental illnesses like schizophrenia and bipolar disorder, they can be potentially lethal […]
Aviv REIT Announces $94 Million Acquisition Aviv REIT, Inc. (NYSE:AVIV) announced it has acquired two assisted living facilities and one skilled nursing facility for $82 million, in addition to two parcels of land for $12.2 million. With the parcels of land, Aviv has gained the entitlements for construction of two new assisted living facilities and […]
Omnicare Inc., the nation’s largest provider of pharmaceuticals and pharmacy services to nursing homes, will pay more than $124 million to settle claims that it allegedly offered improper financial incentives to skilled nursing facilities, the Department of Justice recently announced. The company gave discounts in return for the opportunity to provide medication to Medicare and […]
The rate of seniors obtaining prescriptions for narcotic painkillers and anti-anxiety medications has surged in recent years and it may continue as more older adults are being put on these types of drugs for longer stretches of time, according to a USA Today examination of federal data. From 2007-2012, the number of patients aged 65 […]
Omnicare (NYSE:OCR), an institutional pharmacy service provider based in Cincinnati, Ohio, has started to roll out a new Concierge program to meet the needs of assisted living residents. “Our strongest offering has been toward skilled nursing, but [we’ve started] rolling out new services targeted at assisted living,” said Patrick Lee, vice president of investor relations […]
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