Skilled Nursing News September 16, 2024
As the industry fights the unfunded federal minimum staffing mandate in court, nursing home executive compensation is under scrutiny from Democratic lawmakers, who are criticizing some leaders in the sector for giving themselves pay raises. However, leaders in the sector are pushing back.
Specifically, the executive pay of three major operators – The Ensign Group (Nasdaq: ENSG), National HealthCare (NYSE: NHC) and Brookdale Senior Living (NYSE: BKD) – increased collectively by 25%, according to a letter sent to the companies and detailed in a report from The Hill.
The lawmakers also cited record-high profits for the first two quarters of 2024.
“You have plenty of money available to provide high-quality care – but instead are using it to enrich yourselves...
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