Kathleen Steele Gaivin McKnight's Senior Living
Kathleen Steele Gaivin

Kathleen Steele Gaivin

Most recent articles by Kathleen Steele Gaivin

Business briefs, July 30

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

Actions & Transactions, July 30

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

Business briefs, July 29

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

Actions & Transactions, July 29

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

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