Federal health officials are recommending a halt in administering the Johnson & Johnson Covid-19 vaccine as they review a small number of reported cases of a rare and severe type of blood clot. A prolonged pause on the vaccine could affect vaccination efforts in senior living communities, but it’s not clear by how much or […]
Omnicare
With the first doses in the U.S. administered Monday, the senior living industry is close to distributing the Covid-19 vaccine among residents and staff. In fact, senior living residents and staff could start seeing the vaccine delivered to their communities as early as about a week from now, according to Dr. Ruth Link-Gelles, who is […]
Senior living providers are eagerly awaiting a Covid-19 vaccine — but the logistics around inoculating residents and associates are complex. On Wednesday, the United Kingdom authorized a Covid-19 vaccine from Pfizer for emergency use, increasing hopes that the U.S. Food and Drug Administration will follow suit in short order. While it appears that a vaccine […]
Long-term care pharmacy giant Omnicare and its parent company CVS Health (NYSE: CVS) are defendants in a federal lawsuit alleging that hundreds of thousands of drugs were improperly dispensed to senior housing residents over a period of years. The complaint, filed Tuesday by the Manhattan U.S. Attorney’s office, and an accompanying press release name-check several […]
Affinity Living Group is gaining scale and sophistication. The Hickory, North Carolina-based senior living provider plans to open or break ground on 16 properties this year and is developing a Medicare Advantage plan, although it has not ruled out partnering with an existing plan. Affinity is slated to open six new assisted living communities this year […]
Shares of pharmacy and insurance giant CVS Health (NYSE: CVS) dipped sharply Wednesday on the heels of a troubled Q4 2018 earnings report, which included a $2.2 billion impairment charge related to the company’s long-term care business. However, CVS Health executives are still bullish on the prospects for this division, particularly through expansion into independent […]
Pharmacy giant CVS Health (NYSE: CVS) recently announced an aggressive push to serve assisted living providers through its Omnicare arm. But CVS is competing with specialized pharmacies serving the senior living sector—and this could be good news for senior living providers, as it could spur more innovative pharmacy distribution and management practices. Some assisted living providers, such […]
Omnicare Inc. (NYSE: OCR), the nation’s largest long-term care pharmacy provider, will be acquired by CVS Health Corp., Bloomberg News first reported Wednesday. The deal was confirmed early Thursday and will net an enterprise value for Omnicare of $12.7 billion, including $2.3 billion in debt. Omnicare has 13,000 employees at 160 locations in 47 states across the […]
Omnicare Inc. (NYSE: OCR), the nation’s largest long-term care pharmacy, is rumored to be seeking a buyer, according to news reports. Company representatives declined to comment to Bloomberg, which originally reported on the potential sale Wednesday afternoon, citing unnamed sources with knowledge of the matter. The company also declined comment to SHN, saying that it […]
Senior Living Restaurant Company Adds New Position Premier Restaurant Equipment, responsible for designing and equipping numerous senior living communities, among other facilities, has added industry veteran Ross Cohen as director of institutional foodservice. In this new role, Cohen will focus on the continuing development of Premier’s senior living practice on a broader national scope. Premier […]
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