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$1 billion record set for mini-perm / bridge loans to senior living: NIC
$1 billion record set for mini-perm / bridge loans to senior living: NIC
By
Kathleen Steele Gaivin
May 16, 2022

The issuance of new mini-perm / bridge loans for senior living operators hit a record high of nearly $1 billion in the fourth quarter of 2021, whereas the issuance of permanent senior living loans moderated,…

Worker shortage hits long-term care more than other healthcare sectors, report shows
Worker shortage hits long-term care more than other healthcare sectors, report shows
By
Kathleen Steele Gaivin
May 16, 2022

Every sector in healthcare has felt the sting of the current worker shortage, but none more so than long-term care, according to a report issued this month by the Department of Health and Human Services…

Bill aims to build up nursing home workforce
Bill aims to build up nursing home workforce
By
Kathleen Steele Gaivin
May 16, 2022

Federal legislation introduced Thursday would extend temporary pandemic-era allowances in an effort to build up the nursing home workforce.

Business briefs, May 16
Business briefs, May 16
By
Kathleen Steele Gaivin
May 16, 2022

EEOC, DOJ say employers’ use of AI tools can violate ADA … JLL launches non-profit focused on mitigating climate change … Alexa Together eldercare subscription service now supports up to 10 caregivers

Nursing shortage reaches crisis level as staff exit the profession, survey says
Nursing shortage reaches crisis level as staff exit the profession, survey says
By
Kathleen Steele Gaivin
May 13, 2022

The shortage of nurses has reached the level of a national crisis, according to report authors reflecting on the 2022 Nurse Salary Research Report by nurse.com

Streamlining portfolio and balance sheet top priorities for Invesque
Streamlining portfolio and balance sheet top priorities for Invesque
By
Kathleen Steele Gaivin
May 13, 2022

Invesque is continuing to focus on streamlining its portfolio and balance sheet in 2022.

Legislation aims to protect healthcare professionals from violence in the workplace
Legislation aims to protect healthcare professionals from violence in the workplace
By
Kathleen Steele Gaivin
May 13, 2022

A bill introduced Wednesday by U.S. Sens. Tammy Baldwin (D-WI) and Bill Cassidy (R-LA) is meant to protect healthcare professionals from violence in the workplace.

Business briefs, May 13
Business briefs, May 13
By
Kathleen Steele Gaivin
May 13, 2022

Senate sign-on letter calls for expanded HUD Section 202 housing program … Michigan’s Long-Term-Care Ombudsman Program negligent in visiting facilities, audit finds … Orchard Hill introduces concierge…

Actions & Transactions, May 13
Actions & Transactions, May 13
By
Kathleen Steele Gaivin
May 13, 2022

Kayne Anderson Real Estate closes $1.9B debt fund … LTC Properties closes $36M investment in 4 assisted living communities and land parcel … Blueprint Healthcare Real Estate Advisors arranges sale…

Omicron, costs, funding loss stalling long-term care recovery, experts say
Omicron, costs, funding loss stalling long-term care recovery, experts say
By
Kathleen Steele Gaivin
May 12, 2022

Many factors are at work to slow long-term care recovery according to panelists at Wednesday’s Leadership Huddle of the National Investment Center for Seniors Housing & Care.

Last year’s momentum carries over into first quarter, Welltower says
Last year’s momentum carries over into first quarter, Welltower says
By
Kathleen Steele Gaivin
May 12, 2022

Last year’s momentum carried over into the first quarter “and translated into the first period of year-over-year bottom-line growth for our company since the beginning of [the] pandemic,” Welltower…

North Carolina-based Presbyterian Homes rebrands as Brightspire
North Carolina-based Presbyterian Homes rebrands as Brightspire
By
Kathleen Steele Gaivin
May 12, 2022

High Point, NC-based Presbyterian Homes is the latest long-term care organization to announce a name change, rebranding as Brightspire.

Business briefs, May 12
Business briefs, May 12
By
Kathleen Steele Gaivin
May 12, 2022

Governor’s budget includes $211.2M for direct care workforce … Organizations ask HHS to extend the public health emergency … Cincinnati SNF to close by end of year

Actions & Transactions, May 12
Actions & Transactions, May 12
By
Kathleen Steele Gaivin
May 12, 2022

Ziegler closes $193.1M financing for Westminster Canterbury Richmond … Greystone facilitates $15M loan for Seattle senior housing property … Solinity opens assisted living and memory care property…

Mismanaged payroll records cost providers $398,000 for back pay, penalties
Mismanaged payroll records cost providers $398,000 for back pay, penalties
By
Kathleen Steele Gaivin
May 11, 2022

Four interrelated Maryland assisted living providers will pay a total of $398,000 in back pay, damages and civil penalties after they “willfully mismanaged payroll records” involving 132 employees,…

Bridgeway Senior Healthcare adds home care to offerings
Bridgeway Senior Healthcare adds home care to offerings
By
Kathleen Steele Gaivin
May 11, 2022

Bridgewater, NJ-based Bridgeway Senior Healthcare has added a home care division to its continuum of care offerings.

Earnings call recap: Pennant Group, National Health Investors
Earnings call recap: Pennant Group, National Health Investors
By
Kathleen Steele Gaivin
May 11, 2022

The Pennant Group and National Health Investors held first-quarter earnings calls Tuesday.

Business briefs, May 11
Business briefs, May 11
By
Kathleen Steele Gaivin
May 11, 2022

U.S. News names 1,274 ‘Best Senior Living’ communities, recognizes 25 as ‘best’ in 3 categories … Iowa nursing home faces $250,000+ in fines for federal regulation violations … Nursing home…

Actions & Transactions, May 11
Actions & Transactions, May 11
By
Kathleen Steele Gaivin
May 11, 2022

Capital Funding Group closes $17.2M bridge-to-HUD financing for acquisition of 2 SNFs in Arizona … Developer withdraws plan to build senior housing at former mall site … Construction underway affordable…

Tutera to outsource management of home health division
Tutera to outsource management of home health division
By
Kathleen Steele Gaivin
May 10, 2022

Kansas and Missouri-based Tutera Senior Living & Health Care’s home health division will be managed by Residential Home Health, a division of Graham Healthcare Group, under a joint venture the companies…

Governor announces $6.5 million to train 1,500 long-term care caregivers
Governor announces $6.5 million to train 1,500 long-term care caregivers
By
Kathleen Steele Gaivin
May 10, 2022

Arizona is dedicating $6.5 million to train 1,500 caregivers to work in long-term care, Gov. Doug Ducey (R) announced Thursday to coincide with Arizona Nurses Week.

Developer puzzled to be included in lawsuits alleging understaffing at assisted living facility
Developer puzzled to be included in lawsuits alleging understaffing at assisted living facility
By
Kathleen Steele Gaivin
May 10, 2022

A developer and its principal are the targets, along with an assisted living facility, of two lawsuits filed by resident family members who are alleging understaffing and negligence.

Business briefs, May 10
Business briefs, May 10
By
Kathleen Steele Gaivin
May 10, 2022

Assisted living communities in more danger of closing than nursing homes; 11% of state’s nursing homes face closure, survey finds … Beztak recognized as a US Best Managed Company for third consecutive…

Actions & Transactions, May 10
Actions & Transactions, May 10
By
Kathleen Steele Gaivin
May 10, 2022

PathStone Development Corp. completes construction of $44M affordable senior housing community in Upstate New York … Colliers Mortgage provides $25.2M HUD-insured loan to refinance Minnesota senior housing…

Revenues up, net income down this year: National HealthCare Corp.
Revenues up, net income down this year: National HealthCare Corp.
By
Kathleen Steele Gaivin
May 09, 2022

First-quarter 2022 net operating revenues and grant income totaled almost $2.8 million, compared with more than $2.5 million for the first quarter of 2021, for a year-over-year increase of 11.2%, Murfreesboro,…

First-quarter earnings reports: Brookdale, CareTrust REIT, Ventas
First-quarter earnings reports: Brookdale, CareTrust REIT, Ventas
By
Kathleen Steele Gaivin
May 09, 2022

Brookdale Senior Living, CareTrust REIT and Ventas presented their first-quarter earnings reports to investors on Friday.

Skilled nursing demand recovering; occupancy highest since April 2020
Skilled nursing demand recovering; occupancy highest since April 2020
By
Kathleen Steele Gaivin
May 09, 2022

Demand for skilled nursing is on the rise, as occupancy continues to recover from pandemic lows, according to the latest Skilled Nursing Monthly Report released by the National Investment Center for Seniors…

Business briefs, May 9
Business briefs, May 9
By
Kathleen Steele Gaivin
May 09, 2022

Thousands of nursing home workers strike over staffing standards … Jewish Home adds concierge clinical services … Economy added 428,000 jobs in April; unemployment rate held steady at 3.6%: Bureau…

Actions & Transactions, May 9
Actions & Transactions, May 9
By
Kathleen Steele Gaivin
May 09, 2022

Cushman & Wakefield arranges $24.6M acquisition financing for KS IL/AL/MC community … Ziegler advises Comprehensive Care Capital on $20.5M acquisition financing … SLR Healthcare ABL provides $2M line…

Staffing shortage severity may be lessening, executives say
Staffing shortage severity may be lessening, executives say
By
Kathleen Steele Gaivin
May 06, 2022

Severe staffing shortages in long-term care may be lessening, according to results of Wave 40 of the Executive Survey, released Thursday by the National Investment Center for Seniors Housing & Care.

Costs of most construction materials increasing 1% per month
Costs of most construction materials increasing 1% per month
By
Kathleen Steele Gaivin
May 06, 2022

The cost of construction materials is expected to increase at a pace of approximately 1% per month throughout the year, according to Chris Harrison, executive vice president and general manager at the…

Sabra Health Care REIT to reduce SNF exposure, diversify portfolio
Sabra Health Care REIT to reduce SNF exposure, diversify portfolio
By
Kathleen Steele Gaivin
May 06, 2022

Irvine, CA-based Sabra Health Care REIT is focusing on diversifying its portfolio this year, including reducing its skilled nursing facility exposure, CEO, President and Chair Rick Matros said on Thursday’s…

Business briefs, May 6
Business briefs, May 6
By
Kathleen Steele Gaivin
May 06, 2022

Massachusetts becomes first state certified as ‘Age-Friendly Employer’ … Metro area population growth mostly flat, according to Census Bureau data … Nominations for 2022 AHCA/NCAL awards programs…

Actions & Transactions, May 6
Actions & Transactions, May 6
By
Kathleen Steele Gaivin
May 06, 2022

United Church Homes expands to 15th state … UpsideHōM grows network to 5 Florida markets, with rapid growth coming … Construction starts on Lumia Mequon, WI, senior living community

Buyers are bullish for skilled nursing, expert says
Buyers are bullish for skilled nursing, expert says
By
Kathleen Steele Gaivin
May 05, 2022

Even in today’s economy, buyers are bullish when it comes to investing in skilled nursing facilities, Jason Stroiman, president and founder of Chicago-based Evans Senior Investments, said Wednesday in…

Earnings call wrap-up: AlerisLife, DHC, Healthpeak, Omnicare
Earnings call wrap-up: AlerisLife, DHC, Healthpeak, Omnicare
By
Kathleen Steele Gaivin
May 05, 2022

First-quarter earnings calls continued Wednesday with updates from Aleris Senior Living, CVS Health (parent of Omnicare), Diversified Healthcare Trust and Healthpeak Properties.

$1.3 million project aims to strengthen direct care workforce
$1.3 million project aims to strengthen direct care workforce
By
Kathleen Steele Gaivin
May 05, 2022

A $1.3 million federal project, with funding spread out over five years, will establish a new center to help strengthen the direct care workforce providing home- and community-based services to older…

Business briefs, May 5
Business briefs, May 5
By
Kathleen Steele Gaivin
May 05, 2022

3 companies merge to form senior living value-based care delivery company … State certification processing is backlogged, CNA graduates say … Fitch withdraws ratings on Crestview retirement community

Actions & Transactions, May 5
Actions & Transactions, May 5
By
Kathleen Steele Gaivin
May 05, 2022

Goldman Sachs leads $100M financing for affordable senior housing project in the Bronx, NY … Ziegler closes $68M financing for Cypress Cove at HealthPark … Phoebe Ministries breaks ground on independent…

AHCA/NCAL launches program to advance underrepresented, marginalized professionals in long-term care
AHCA/NCAL launches program to advance underrepresented, marginalized professionals in long-term care
By
Kathleen Steele Gaivin
May 04, 2022

The American Health Care Association / National Center for Assisted Living’s new Diversity Executive Leadership Program, announced Monday, “is about offering long-term care professionals from underrepresented…