Top-paid skilled nursing CEO list shifts in 2018
In 2017, Skilled Nursing News profiled the salaries of the seven highest-paid CEOs at the biggest skilled nursing companies for the previous year.
Of those executives, three didn’t make it to the 2018 roundup of the highest-paid CEOs — but that’s mainly a function of the upheaval that’s shaken the skilled nursing industry since last summer, according to Skilled Nursing News.
Benjamin Breier, the president and CEO of Kindred Healthcare (NYSE: KND), was included last year because of the company’s significant skilled nursing assets at the time. But the company struck a deal to sell its skilled nursing assets in 2017, and in December announced a definitive agreement to be acquired by TPG Capital; Welsh, Carson, Anderson & Stowe (WCAS); and Humana Inc. (NYSE: HUM) for about $4.1 billion in cash.
As a result, Breier — who took home the highest baseline salary of $1,045,098 in 2016 — isn’t on the list this time around.
Quality Care Properties (NYSE: QCP), whose then-CEO Mark Ordan had the highest overall compensation package in 2016, also didn’t make the list this year. His company was acquired in April by a joint venture between Welltower Inc. (NYSE: WELL) and non-profit health system ProMedica in a $1.95 billion all-cash deal.
For a complete breakdown, visit Skilled Nursing News.
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Topics: Executive Leadership , Finance , Leadership , Uncategorized