BusinessBriefs May 2014
» Compass Health has agreed to a $1.1 million settlement in a class action lawsuit alleging that the skilled nursing provider did not pay overtime or allow workers to take needed breaks. The firm operates seven skilled nursing facilities and two assisted living communities in the coastal area between Los Angeles and San Francisco.
» Healthcare real estate investments trusts are off to a good start this year, according to the Dow Jones Equity All REIT Total Return Index. Since January, shares of the 13 healthcare REITS are up 14%. This portfolio includes Ventas, HCP and Health Care REIT. Healthcare REITs don't usually operate facilities themselves. Instead, they own the real estate and lease it out to operators of nursing homes and assisted living facilities.
» Assisted Living Concepts is now Enlivant. The rebranding “captures the essence of this renewed sense of vitality and connectivity,” said CEO Jack R. Callison Jr. “Our actions are guided by Enlivant's new core values: compassion, humility, excellence, fun and, most importantly, integrity.” The firm also has relocated its headquarters to Chicago.