Some senior living residents use cannabis products in their communities, but as they do so operators have had to navigate a perilous and often confusing legal minefield. Much of that has to do with the fact that marijuana is still a Schedule I drug on the federal level, a category also shared by heroin, LSD […]
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 […]
On the heels of opening the doors to the senior care industry’s first-ever technology innovation hub, in Louisville, Kentucky, there’s another push to put the city at the forefront of the aging services industry. Some of the health care leaders involved with the Thrive Center for innovation are banding together with other CEOs in the city. […]
Senior Living Investment Brokerage Sells $850,000 Skilled Nursing Facility in Texas Senior Living Investment Brokerage, Inc. Managing Director Matthew Alley sold a 62-bed skilled nursing facility in Poteet, Texas, for $850,000. The facility was bought by a non-profit entity looking to expand its seniors housing presence. “This nursing home, while struggling with census, was a geographic fit […]
Brookdale Senior Living (NYSE: BKD) has filed suit against institutional pharmacy PharMerica (NYSE: PMC) over drug prices, according to reports from Louisville, Kentucky-based outlets, where the drug provider is based. The suit alleges PharMerica has overcharged Brookdale for drugs provided to the senior living provider through more than two dozen of its assisted living communities […]
Omnicare, Inc. (NYSE:OCR) has agreed to provide skilled nursing pharmacy services for Kindred Healthcare, Inc. (NYSE:KND), the company announced in an 8-K filing on Friday.The transition is expected to commence at the end of 2013. Kindred informed its current skilled nursing pharmacy service, PharMerica Corporation, on Friday that it would not be renewing a contract that […]
Assisted living residents have always used pharmacies, but with acuity levels rising across the industry, the need for better integration has reached its boiling point. Des Moines, Iowa-based Life Care Services, an LCS Company that manages senior living communities, agrees that rising acuity levels in senior living makes managing residents’ medications even more important. “It’s […]
