Skilled Nursing News May 6, 2024
The corporate spending of three publicly traded nursing home companies are at the center of questioning by legislators, who sent letters to them Sunday demanding more information on executive compensation, stock buybacks and dividends.
In the midst of the industry’s opposition to the federal government’s minimum staffing mandate, the letters signed by the Senators Elizabeth Warren, Bernie Sanders, and Richard Blumenthal and Representatives Jan Schakowsky and Lloyd Doggett, criticized the three largest publicly traded companies in the sector for putting corporate profits ahead of quality of care.
The three companies under legislator scrutiny – National HealthCare (NYSE: NHC), the Ensign Group (Nasdaq: ENSG), and Brookdale Senior Living (NYSE: BKD) – spent nearly $650 million in executive pay, stock buybacks and...
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