SNFs, CCRCs ‘off the pace’ for recruiting, retaining workers: Fitch
By
Kathleen Steele Gaivin
Apr 16, 2024
Skilled nursing facilities and continuing care retirement / life plan communities “are still well off the pace needed to reach a full post-pandemic recovery” in terms of their workforces, according...
CCRCs partner to offer home healthcare to independent living residents
By
Kathleen Steele Gaivin
Apr 08, 2024
Two continuing care retirement communities in western New York have partnered to provide a home healthcare option for the communities’ independent living residents.
Kansas providers may face fee hike after audit reveals many wrongly paid cut-rate assessments
By
Kathleen Steele Gaivin
Apr 05, 2024
Continuing care retirement communities and nursing homes in Kansas could face additional scrutiny — and in some cases, higher fees — after a recent audit from the Kansas Medicaid inspector general’s...
Entrance fee refunds from bankrupt CCRC to be 10 percent of what’s due
By
Kathleen Steele Gaivin
Mar 25, 2024
After declaring bankruptcy last June, Friendship Village of Schaumburg, IL, still owes refunds of entrance fees to dozens of residents or their families. Now they are set to split $2 million being held...
Fitch says ratings changes could benefit SNF-heavy CCRCs
By
Kathleen Steele Gaivin
Mar 18, 2024
Fitch Ratings’ proposed changes to the way it rates not-for-profit continuing care retirement / life plan communities are designed to provide “much more transparency around [communities] that don’t...
Actions & Transactions, March 18
By
Kathleen Steele Gaivin
Mar 18, 2024
PSL sells Phillipsburg, PA, CCRC to Continuum Healthcare to focus on ‘strong emphasis’ in independent living… Ziegler advises on sale of 100+ bed SNF in Chicago … DiningRD acquires Kind Dining...
Fitch changes could affect ratings for 10 percent of CCRCs
By
Kathleen Steele Gaivin
Mar 05, 2024
Ratings for 10% of the country’s not-for-profit continuing care retirement / life plan communities could be affected by changes being proposed by Fitch Ratings, the agency. The company released a draft...
A variety of models can help CCRC operators meet residents’ increasing healthcare needs
By
Kimberly Bonvissuto
Feb 16, 2024
Older adults are moving into senior living communities with more chronic conditions and healthcare needs than ever before, presenting challenges — as well as opportunities — for continuing care retirement...
Healthpeak sees record year for CCRC entrance fees, cash collection, as merger, potential portfolio sale...
By
Lois A. Bowers
Feb 12, 2024
Denver-based Healthpeak Properties saw a record year of entrance fee sales and cash collection in 2023 for its portfolio of 15 continuing care retirement communities, Chief Financial Officer Pete Scott...
Business briefs, Jan. 29
By
Kathleen Steele Gaivin
Jan 29, 2024
White House launches effort to increase Medicare Advantage transparency … CCRCs would have a year to return entrance fees under proposed bill … McGuireWoods attorney offers advice on SNF restructuring,...