Legislation aims to help long-term care providers ‘in dire need of skilled workers’
New legislation introduced by U.S. Rep. Fred Keller (R-PA) Wednesday aims to create a pipeline of workers for long-term care and other industries.
Most recent articles by Kathleen Steele Gaivin
HUD awards $143 million in grants for affordable senior housing
The grants will go toward development of multifamily construction projects, ongoing project rental assistance for very low-income seniors under the department’s Section 202 Supportive Housing for the Elderly program.
Business briefs, Sept. 24
CDC panel recommends COVID-19 boosters for older adults but not healthcare workers … Assisted living residents’ access to Medicare Advantage special needs plans expands in Utah … Watercrest Senior Living offers respite care at Florida memory care community … … Petersen Commons in Davenport, IA, to close in December
Actions & Transactions, Sept. 24
White Oak Healthcare Finance provides $185M financing for 14-facility SNF portfolio … Goodwin House announces plans to develop senior living campus in the Peterson Companies’ Avonlea project … Blueprint Healthcare Real Estate Advisors brokers sale of skilled nursing, assisted living campus in Northbridge, MA … NJ-based investment firm Tryko Partners purchases Rhode Island SNF
Few long-term care operators report being fully staffed
Just 1% of nursing homes and 4% of assisted living communities participating in a recent survey by the American Health Care Association / National Center for Assisted Living reported being fully staffed. A total of 1,183 nursing home and assisted living providers nationwide participated.
Ventas completes $2.3 billion acquisition of New Senior Investment Group
Ventas announced Tuesday the completion of the real estate investment trust’s acquisition of New Senior Investment Group in an all-stock transaction valued at $2.3 billion.
Sabra subsidiary announces $800 million public offering
Sabra Health Care Limited Partnership, a subsidiary of Irvine, CA-based Sabra Health Care REIT, announced Tuesday that it has priced and entered into an agreement to issue and sell $800 million aggregate principal amount of 3.2% senior notes due 2031.
Business briefs, Sept. 23
Long-term care industry emphasizes reconciliation priorities to House leadership … Fitch Ratings assigns BBB- issuer default rating to Odd Fellows; outlook stable … Fitch Ratings affirms Lifespace Community upgrades Querencia at Barton Creek … Carnegie Village Senior Living Community receives Capstone Award
Actions & Transactions, Sept. 23
$20M project approved to repurpose Dothan, AL, hospital into senior apartments … MassHousing provides $23.5M in financing for expansion of Golda Meir House … Des Moines, IA, management company garners $8.86M in advanced capital from HUD Section 202 program … Chicago Pacific Founders, Grace Management acquire Magnolia at Oxford Commons in Mississippi … Brightview Senior Living opens community in Columbia, MD
‘Needs-based character’ makes senior living attractive to investors, expert says
Senior housing is still in recovery mode from the COVID-19 pandemic, but the sector still offers investment opportunities, according to Robb Chapin, a partner at Bridge Investment Group.
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