News

News

Welltower selling ‘prominent’ West Coast senior living portfolio for $740 million

By

Lois A. Bowers

Publish Date February 14, 2020

Welltower is selling “a prominent seniors housing operating portfolio” for more than $740 million, the Toledo, OH-based real estate investment trust announced in connection with its fourth-quarter 2019 earnings call on Thursday.

27 members of Congress urge CMS to withdraw proposed Medicaid Fiscal Accountability Regulation

By

Lois A. Bowers

Publish Date February 14, 2020

A bipartisan coalition of 27 members of the House of Representatives is asking the Centers for Medicare and Medicaid Services to withdraw its proposed Medicaid Fiscal Accountability Regulation.

Technology, capital two of five topics at McKnight’s Online Expo March 18 and 19

By

Lois A. Bowers

Publish Date February 14, 2020

Technology and capital will be two of the topics when the McKnight’s Spring Online Expo returns for the 14th year on Wednesday, March 18, and Thursday, March 19.

Healthpeak president: Senior living turnaround ‘not there yet’

By

Lois A. Bowers

Publish Date February 13, 2020

Market dynamics will improve in senior living in 2020, but it’s too soon to say the industry has turned around from recent financial and occupancy challenges, Healthpeak President and Chief Investment Officer Scott Brinker said Wednesday .

A Babe Ruth story got Pathway to Living’s new VP hooked on senior living

By

Lois A. Bowers

Publish Date February 13, 2020

Mike Ulm almost never got started in the industry, and then he met an Orioles-loving resident. Now he is using his experience to help create a new culture and brand loyalty.

Healthcare top issue for Democrats voting in Iowa, New Hampshire

By

Lois A. Bowers

Publish Date February 13, 2020

Healthcare is the most important issue facing the country, according to Democrats caucusing in Iowa and voting in the primary in New Hampshire.

Capital Senior Living, Healthpeak Properties to part ways after community sales

By

Lois A. Bowers

Publish Date February 12, 2020

Dallas-based operator Capital Senior Living and Irvine, CA-based real estate investment trust Healthpeak Properties (formerly HCP Inc.) are ending their relationship, Capital said Tuesday in announcing a new binding agreement.

Retaliation once again is top complaint of employees to EEOC

By

Lois A. Bowers

Publish Date February 12, 2020

Once again, retaliation in the workplace was the top discrimination-related charge that the U.S. Equal Employment Opportunity Commission received from employees and job applicants in fiscal year 2019, according to recently released data.

Provider groups concerned by HHS, HUD cuts in Trump’s $4.8 trillion budget

By

Lois A. Bowers

Publish Date February 11, 2020

The Department of Health and Human Services would see a 10% funding cut, and the Department of Housing and Urban Development would see a 15% funding cut, under the $4.8 trillion budget proposed Monday by President Donald Trump. Organizations representing senior living operators are reviewing it with an eye toward how the proposed cuts would affect operators and those they serve and a promise to advocate for their members.

New Senior completes $385 million sale of entire assisted living / memory care portfolio

By

Lois A. Bowers

Publish Date February 11, 2020

New York-based New Senior Investment Group has completed the sale of its entire assisted living / memory care portfolio for $385 million, the real estate investment trust announced Monday.

Bill would strip assisted living operators of ability to sign death certificates

By

Lois A. Bowers

Publish Date February 11, 2020

Assisted living communities and nursing homes no longer would have the authority to sign resident death certificates under a bill introduced in the Georgia General Assembly. Instead, long-term care facilities would be required to notify their county coroner’s office of each death, in case the office wanted to conduct an investigation.

House-passed legislation would worsen senior living workforce challenges, group says

By

Lois A. Bowers

Publish Date February 10, 2020

Legislation passed Thursday in the House of Representatives would result in major labor law changes that would worsen the workforce challenges affecting senior living operators if it becomes law, Argentum President and CEO James Balda said.

Government awards $51.6 million for senior housing construction, service delivery

By

Lois A. Bowers

Publish Date February 10, 2020

The U.S. Department of Housing and Urban Development on Friday announced awards of more than $51.6 million to a total of 18 nonprofit organizations to finance affordable senior housing construction, provide rental assistance and facilitate supportive services delivery for very low-income seniors.

McKnight’s 40 for 40: Elma Holder

By

John O'Connor

Publish Date February 10, 2020

As part of the 40th anniversary of McKnight’s, McKnight’s Senior Living and McKnight’s Long-Term Care News are recognizing 40 notable newsmakers. This week: Emma Holder.

Maplewood begins paying $21 million rent as Manhattan high-rise prepares to open

By

Lois A. Bowers

Publish Date February 7, 2020

Maplewood Senior Living in January began paying annual rent of $21 million on the Inspir Carnegie Hill luxury senior living community in Manhattan, and the property is expected to open at the end of the first quarter, Omega Healthcare Investors executives said Thursday.

Ensign ‘very pleased’ with Pennant Group spinoff results

By

Lois A. Bowers

Publish Date February 7, 2020

The Ensign Group is “very pleased” with the results of the spinoff of The Pennant Group, which focuses on senior living, home health and hospice, Ensign Chief Investment Officer Chad Keetch said Thursday. And despite the spinoff, Ensign continues to invest in senior living properties.

Feb. 20 webinar will share strategies to engage workers

Publish Date February 7, 2020

Hear about the common barriers that prevent senior living organizations from giving employees what they need to stay engaged, based on the results of a new employee engagement study, in a free webinar at 1 p.m. ET on Feb. 20.

Senior living community faces new lawsuits seeking $2 million related to suspected serial killer

By

Lois A. Bowers

Publish Date February 6, 2020

A Texas retirement community is facing two new lawsuits — each seeking more than $1 million — from the adult children of two former residents, who assert the community didn’t do enough to protect their mothers from a man now indicted in the deaths of 12 older adults, most of whom were female senior living residents. The alleged incidents have spurred some family members to press state legislators for increased regulation of independent living communities.

Financial official recommends checks and balances after CCRC employee allegedly pockets $118,000

By

Lois A. Bowers

Publish Date February 6, 2020

The Tennessee Comptroller’s Office is reminding senior living companies and other organizations to include checks and balances in their financial processes to help ensure that fraud doesn’t occur, after a former employee of a nonprofit continuing care retirement community in the state allegedly stole at least $118,768 from the community where she worked.

Senior living development costs expected to increase in 2020

By

Lois A. Bowers

Publish Date February 5, 2020

Senior living development costs are expected to increase modestly in 2020, even as development activity is somewhat reduced, according to a new report by CBRE.