New Perspective buys 6 communities using $200M+ in capital, with plans for $500M in future acquisitions
By
Kathleen Steele Gaivin
May 02, 2024
Senior living operator New Perspective will use more than $200 million in bridge loans, preferred equity and common equity from BMO, Fengate and Boldt to buy and finance six senior living communities with...
The Federal Trade Commission’s final rule on noncompete agreements, handed down last week, now faces additional legal challenges.
New AI assistant promises to bridge service gaps facing residents and families
By
John O'Connor
May 01, 2024
Yelp announced an AI-powered chatbot that could fills needs for users, whether the need is for personal care items or a new physician.
Leaders debate what to change, retain in senior living
By
Kimberly Bonvissuto
May 01, 2024
PHOENIX—If there was one good thing to come out of the COVID-19 pandemic, it was “everyone opening the kimono,” being raw and asking for help, according to a panel of C-suite senior living experts...
Senior living performance surpasses expectations, Welltower CEO says
By
Kathleen Steele Gaivin
May 01, 2024
Toledo, OH-based real estate investment trust Welltower experienced a strong start in the first quarter, with a 19% year-over-year increase in funds from operations across the board, CEO Shank Mitra said...
All signs point to ‘more robust’ senior living market, LTC Properties CEO says
By
Kathleen Steele Gaivin
May 01, 2024
“The seniors housing and care industry is on a promising upturn after setbacks related to COVID,” Westlake Village, CA-based real estate investment trust LTC Properties Chairman and CEO Wendy Simpson...
Senior living ‘on the precipice of this defining moment,’ Argentum CEO says
By
Kimberly Bonvissuto
Apr 30, 2024
The senior living industry sits “on the precipice of this defining moment with significant challenges but also tremendous opportunities” to tell its story and help millions of older adults “live...
People in the news, April 30
Apr 30, 2024
Appointments, promotions and other news at Claiborne Senior Living, Interim HealthCare, Medical Guardian and Morning Pointe Senior Living.
Meet David Totaro, 2024 McKnight’s Pinnacle Awards ‘Agent of Change’ honoree
By
Jessica R. Towhey
Apr 30, 2024
David Totaro took an unusual path to the long-term care sector, and his varied experience served him well as he developed a national, legislative advocacy program for BAYADA Hearts for Home Care.
Biden administration delays menthol cigarette ban
Apr 29, 2024
A long-awaited ban on menthol cigarettes has been delayed indefinitely, the Biden administration said Friday.
