The Ensign Group announced record operating results for the second quarter during an earnings call Thursday, including that skilled nursing service income increased 15% during the three-month period ending June 30.
The U.S. Department of Labor is rescinding the joint employer rule that took effect in March 2020, the department announced Thursday.
Nursing homes could see greater penalties for safety violations now that a Trump administration policy limiting such penalties has been reversed, and one industry association says resident care could suffer as a result.
AHCA/NCAL backs mandatory COVID-19 vaccination for long-term care workers … Bipartisan bill would extend Provider Relief Fund spending deadline … Mississippi State Medical Association calls for vaccine mandate among all long-term care professionals … Long-term care insurance rates decline for men, increase for women … Atlanta-area Silver Comet Village is slated for foreclosure sale … Ohio’s Stow-Glen retirement community closing due to pandemic-related financial hardship
Capital Funding Group closes bridge-to-HUD loan in excess of $650M … Cumberland County, PA sells nursing home to private company for $22.3M after almost 200 years of operation … OneDay raises $19M in Series B funding round, led by Volition Capital … Birmingham, AL-based Atlas Senior Living acquires Florida community … Wesley Housing breaks ground on Senseny Place independent living community in Virginia
Continuing care retirement/life plan communities have seen a cumulative drop in occupancy from 89.1% to 84.4% in the second quarter of 2020 through the second quarter of 2021, according to specialty investment bank Ziegler.
Working hard and building networks are primary tools to success, according to Brookdale Senior Living CEO Lucinda “Cindy” Baier.
The workforces of long-term care providers are being stretched thin as the gap between the supply of caregivers and the number of older adults requiring care continues to grow, LeadingAge New York testified at a state senate hearing Tuesday.
Burdensome vaccine reporting requirements overwhelming providers dealing with COVID outbreaks, staff shortages … St. Marys, GA, senior living community to close due to staffing shortage … CareOne, Ascension join others in mandating vaccines for staff … Fitch Ratings
assigns A’ IDR to Immanuel Obligated Group, NE; affirms Revs; outlook is stable … Fitch Ratings assigns BB IDR to Heritage Community of Kalamazoo (MI); affirms rev at BB; outlook is stable
Oxford Finance closes $28M senior credit facility with AvantGarde Senior Living … JCH Senior Housing Investment Brokerage facilitates sale of $5.6M, 80-unit assisted living and memory care community … JLL Capital Markets closes sale of Preserve at Clearwater assisted living and memory care community
