Sen. Elizabeth Warren sent a letter asking for an explanation of a $5.2 million retention bonus paid to the former CEO of Genesis HealthCare (NYSE: GEN), one of the largest nursing home operators in the country — and one of the hardest-hit financially amid the COVID-19 pandemic. The letter was sent on January 27 to […]
The Wall Street Journal
The emergency use authorization (EUA) granted to Pfizer’s (NYSE: PFE) COVID-19 vaccine late on Friday launched a flurry of promises and commitments to get the vaccine out to vulnerable long-term care residents as quickly as possible. Alex Azar, the secretary of the Department of Health and Human Services (HHS) suggested on Sunday in an interview […]
The skilled nursing world has seen its share of bankruptcies over the last few years, and this past week a vendor with a heavy concentration in the space blamed the industry’s woes for its own filing. Joerns, a private-equity owned company that makes medical equipment, began Chapter 11 bankruptcy proceedings late last month, citing post-acute […]