A federal class action lawsuit that alleged CVS Health Corp. misled shareholders about struggles within its long-term care pharmacy business after its acquisition of Omnicare has been dismissed. The complaint also alleged improprieties pertaining to CVS’s merger with Aetna Inc.
Much has improved since I began covering this field in 1990. But, sadly, one discomforting reality remains. And if anything, it’s gotten worse.
The 2014 Ziegler Senior Living Finance + Strategy Conference takes place Wednesday through Friday and will focus on cutting-edge finance and strategic positioning trends affecting senior living providers. Targeted at CEOs, CFOs, key board members and institutional investors, credit enhancers, rating agency representatives and industry professionals, the event will be held at the Omni Grove Park Inn in Asheville, NC.
It was nearly four and a half years ago that The New York Times caused quite a stir in this sector. That’s when the self-proclaimed newspaper of record ran a largely unflattering piece about private equity firms that own nursing homes.
