Ineligible nursing home managers received stimulus hazard pay at NJ’s state-run veterans homes … Joint Commission launches assisted living accreditation program to introduce ‘national, consensus-based standard’ … Washington state levies payroll tax for long-term care fund … Fitch Ratings assigns BB IDR to Mary’s Woods at Marylhurst, OR; affirms bonds at BB; outlook stable
The market for technologies that address healthcare labor shortages is expected to grow alongside workforce challenges and an aging population, according to specialty investment bank Ziegler’s recently published white paper, “Understanding the Technology Ecosystem for Senior Living & Care – Volume 2: An Overview of Workforce Solutions.”
The Mills family will retain at least a 20% interest in medical supply manufacturer and distributor Medline Industries following the company’s $30 billion-plus sale to a consortium of private equity firms, according to Bloomberg. The deal ranks among the biggest transactions ever involving a family-owned business, the media outlet reported.
COVID-19 cases and mortality in long-term care facilities have decreased significantly in the months since residents and staff members were prioritized for vaccination. Nationwide, however, vaccination rates among nursing home staff members overall fall below the general population, and where those vaccinations lag, COVID-19 outbreaks may follow, according to experts who spoke with ABC News.
Colorado, New York, New Jersey lift some pandemic-driven health guidelines for long-term care facilities … Fitch Ratings affirms Maine Life Care Retirement Community (Piper Shores) at A-; outlook stable … Fitch Ratings assigns BBB- issuer default rating to Landis Communities and affiliates. affirms BBB- revenue rating on bonds
Ziegler closes $44M financing for Forest at Duke … LTC Properties sells 3 assisted living communities in Wisconsin for $35M … JLL Capital Markets closes on $31.7M, 2-project development site … National Health Investors reaches agreement with Holiday Retirement to defer $18M in rent … Brookdale Jackson Oaks Assisted Living adds memory care … Legacy of Jasper plans expansion with 24 new independent living townhomes
The senior housing market rebounded during the 2007-09 global financial crisis and is likely to bounce back similarly from the COVID-19 recession, according to side-by-side analyses of the two economic cycles from the National Investment Center for Seniors Housing & Care published last week.
Symphony of Joliet discriminated against pregnant employees in several ways, according to a U.S. Equal Employment Opportunity Commission lawsuit.
The Equal Employment Opportunity Commission’s May 28 updated and expanded technical guidance regarding the COVID-19 pandemic allows employers to offer incentives to employees to receive a COVID-19 vaccine as long as the incentive is not coercive.
COVID-19 mortality rates in congregate care coincide with the health and caregiving complexity of residents: report … Senior living, jobs program partner to provide free job training and experience for healthcare workers … Partner in NJ-based assisted living communities charged with bankruptcy fraud
Harrison Street, Stellar Senior Living acquire 232-unit senior housing community in Tucson … Avadim Health enters stalking horse agreement with Hayfin Capital Management
Two senior living providers announced expansions into home care on Thursday.
The United States has filed a civil healthcare fraud lawsuit against 11 skilled nursing facilities in the New York metropolitan area, their management company, owner and a senior employee for allegedly fraudulently billing Medicare for unnecessary services, the Department of Justice announced Tuesday.
More older workers were pushed into unplanned retirement earlier during the pandemic than would have occurred in a “normal” year, according to a report from the Schwartz Center for Economic Policy Analysis.
Omega Healthcare Investors raises dividend 17 years in a row … Regional Health Properties files registration statement for proposed exchange offer … Task force calls on Congress to prioritize equitable economic recovery … California receives AARP designation as age-friendly state
Evans Senior Investments arranges $17.45M sale of Indiana senior living community … Benchmark begins construction on Meadow Ridge assisted living community … Atria Senior Living, Welltower partner to develop planned community … Immanuel Communities adds two Lifespace properties to portfolio … Joint venture closes financing on Acoya Shea senior living community
Five Star Senior Living is among the latest on a growing list of long-term care providers requiring all employees to be fully vaccinated against COVID-19. The company on Tuesday announced a Sept. 21 deadline for all of its workers.
Part of Minnesota’s new assisted living licensure law is set to take effect this summer.
A bipartisan cadre of lawmakers reintroduced the Improving Access to Medicare Coverage Act of 2021 in the House of Representatives on Tuesday. If passed, the legislation would make permanent last year’s legislation to temporarily count observation stays towards the three-day stay requirement for Medicare skilled nursing facility coverage during the pandemic.
Creative financing between Capri Communities, church enables construction of $28.9M urban senior living community … Oxford Finance provides $24M credit facility to Lantern Group … Evans Senior Investments arranges $9.2M sale of Rochester Manor + Villa … Plantation Management Co. buys 25-acre site for $1.175M … Ensign Group expands skilled nursing portfolio in Washington