Senate expected to vote on economic stimulus package today
Feb 10, 2009
Senate leaders have scheduled a vote on the economic stimulus package today. It follows weeks of hard-fought negotiations and compromises between the parties.
Financial crisis hurting seniors housing market, NIC reports
Jan 28, 2009
Loan performance and capitalization rates in the senior housing sector are beginning to feel the pinch of the nation’s credit crunch, according to a new market analysis released Tuesday by the National...
Nursing home groups offer solutions for U.S. economic recovery
Jan 23, 2009
Expanding its labor pool and accessing capital to fund construction projects are two ways the long-term care field can stimulate U.S. economic recovery, the American Health Care Association and the Alliance...
‘Card-check’ legislation pits unions against business leaders
Jan 12, 2009
Business leaders around the country are engaged in silent combat against a bill that would make it easier for workers to organize.
Erickson to cut more than 250 jobs as a result of market upheaval
Jan 09, 2009
Erickson Retirement Communities, a major developer of continuing care retirement communities, will eliminate more than 250 full- and part-time positions in reaction to turmoil in the financial markets,...
Top execs named at Erickson Retirement Communities, Golden Living
Dec 18, 2008
John Erickson, founder of Erickson Retirement Communities, a major senior living company, has stepped down from his post as the company’s CEO, effective immediately.
Sunrise plays defense as share price hits new low
Nov 21, 2008
Sunrise Senior Living Inc. took some defensive action to avert a potential takeover after its stock hit a new low this week, plummeting to $0.38 per share, a news report said.
Sunrise loses nearly $69 million in third quarter
Nov 10, 2008
Sunrise Senior Living Inc., the largest assisted living chain in the United States, lost nearly $69 million in the third quarter of 2008. That reportedly is the company’s worst loss in eight years.
Experts favor new payment system rewarding higher quality and more efficient care
Nov 04, 2008
A new survey of healthcare leaders finds that almost all feel the current healthcare payment system is fundamentally flawed and must be reformed. An overwhelming majority favor bonuses for high-quality...
Kindred posts loss in third quarter on poor hospital results
Nov 03, 2008
Kindred Healthcare Inc. widened its loss in the third quarter to $21 million or $0.56 per share, while revenues grew by a slight 1%.