5-star SNF cites staffing issues in closure notice
By
Kathleen Steele Gaivin
Aug 19, 2022
Citing staffing and other issues, Clairemont Healthcare & Wellness Center LLC, doing business as Abby Gardens Healthcare Center, plans to close by the end of the year. The San Diego skilled nursing facility…
Upfront costs aren’t only factors in successful real estate development, experts say
By
Kathleen Steele Gaivin
Aug 19, 2022
Being able to cover the upfront costs of investing in a real estate development opportunity shouldn’t be the only consideration in determining whether a project is feasible, according to experts at Plante…
How to face staffing challenges head on: report
By
Kathleen Steele Gaivin
Aug 19, 2022
The long-term care industry is recovering from pandemic-related staffing shortages, but challenges remain. A new report from human resources, payroll and benefits outsourcing services company Paychex offers…
Business briefs, Aug. 19
By
Kathleen Steele Gaivin
Aug 19, 2022
Evaluate, adapt policies to meet the needs of LGBTQ+ residents, attorneys say … CCRC Chapter 11 bankruptcy saga heats up … LeadingAge PA launches “Careers to Love PA” campaign … Home health…
Actions & Transactions, Aug. 19
By
Kathleen Steele Gaivin
Aug 19, 2022
VIUM Capital provides $14.3 M bridge-to-HUD loan to refinance in PA … Community Housing Initiative breaks ground on $42M MD affordable senior housing … KIRCO, Phoenix open Madison, AL, senior living…
CCRC occupancy increased to 86 percent in second quarter: Ziegler
By
Kathleen Steele Gaivin
Aug 18, 2022
Overall occupancy in continuing care retirement / life plan communities increased to 86% in the second quarter in the 99 primary and secondary markets followed by NIC MAP, according to an article in the…
31 percent of retirees say inflation could motivate return to workforce
By
Kathleen Steele Gaivin
Aug 18, 2022
Approximately one-third of retirees say they would be motivated to return to the workforce if inflation continues to eat into their savings, according to an American Staffing Association Workforce Monitor…
Recent case a reminder to call police if criminal conduct against a resident is suspected
By
Kathleen Steele Gaivin
Aug 18, 2022
A recent case in California is a reminder that any long-term care facility administrator suspecting abuse or “any type of criminal activity” should call the police immediately, regardless of the state…
Business briefs, Aug. 18
By
Kathleen Steele Gaivin
Aug 18, 2022
Provider sued over family members’ COVID-related deaths … EEOC publishes Digest of Equal Employment Opportunity Law … 40 states now cover around-the-clock Medicaid HCBS as provided in assisted living…
Actions & Transactions, Aug. 18
By
Kathleen Steele Gaivin
Aug 18, 2022
Siena Healthcare Finance provides $20M credit facility to OH SNF group … Capital Funding Group closes $18M in refinancing for CA senior living community … Dominium begins construction of OFL affordable…
Judge allows deal with second-place bidder for bankrupt senior living operator
By
Kathleen Steele Gaivin
Aug 17, 2022
A Delaware bankruptcy judge has allowed American Eagle Delaware Holding Co. to strike a deal with the second-place bidder for its Vista Lake assisted living and memory care community in Leesburg, FL, to…
State allocates $1B+ for assistance to Medicaid, other program beneficiaries
By
Kathleen Steele Gaivin
Aug 17, 2022
Georgia Gov. Brian P. Kemp (R) has set aside more than $1 billion for the state Department of Human Services to provide cash assistance of up to $350 per active enrollee in Medicaid, Supplemental Nutrition…
Inflation Reduction Act has mixed value for older adults, experts say
By
Kathleen Steele Gaivin
Aug 17, 2022
President Biden signed into law Tuesday the Inflation Reduction Act, which has significant healthcare provisions. According to one industry expert, however, the legislation falls short on helping older…
Business briefs, Aug. 17
By
Kathleen Steele Gaivin
Aug 17, 2022
2 senior living operators, others serving industry make Inc. list of America’s fastest-growing companies … Receiver appointed for 8 SNFs in ‘dire’ financial position … Fitch Ratings downgrades…
Actions & Transactions, Aug. 17
By
Kathleen Steele Gaivin
Aug 17, 2022
Ziegler closes $71M financing for Shenandoah Valley Westminster–Canterbury … Catholic Charities of Brooklyn & Queens opens affordable senior housing … Pennant Group acquires CA home health, hospice…
Western North Carolina sees first newly built CCRC in 20 years
By
Kathleen Steele Gaivin
Aug 16, 2022
Legacy at Mills River, projected to open in late 2024, will be the first new continuing care retirement community to be built in western North Carolina in more than 20 years.
Assisted 4 Living, now ‘turned around,’ rebrands as Arboreta Healthcare
By
Kathleen Steele Gaivin
Aug 16, 2022
Assisted 4 Living on Monday rebranded as Arboreta Healthcare in recognition of growth and changes within the company, CEO Louis Collier told the McKnight’s Business Daily.
Provider fined for allegedly interfering in resident meeting with elected officials
By
Kathleen Steele Gaivin
Aug 16, 2022
A senior living community in Washington state has been fined $1,000 after managers allegedly interfered with residents who wanted to meet their elected officials. After the June incident, some state lawmakers…
Business briefs, Aug. 16
By
Kathleen Steele Gaivin
Aug 16, 2022
Workers at 39 PA SNFs threaten strike over pay, conditions … SAGE’s financial literacy app for LGBTQ+ elders reaches 1K+ users … Sinceri Senior Living partners with Second Act Financial Services…
Sonida Senior Living marks 5 quarters of occupancy, revenue growth
By
Lois A. Bowers
Aug 15, 2022
The second quarter marked five consecutive quarters of occupancy and revenue growth for Dallas-based Sonida Senior Living, departing President and CEO Kimberly Lody reported Friday during the company’s…
Affiliate, merge or sell? 6 questions help determine the answer
By
Kathleen Steele Gaivin
Aug 15, 2022
Even before the pandemic, long-term care operators were looking to affiliate, merge or sell their communities in large numbers. The trend dates back to at least 2010, according to specialty investment…
Updated law expected to boost CCRC construction, expansions
By
Kathleen Steele Gaivin
Aug 15, 2022
An updated application and licensing process for continuing care retirement communities in South Carolina is expected to help drive more construction projects and create more housing for older adults in…
Business briefs, Aug. 15
By
Kathleen Steele Gaivin
Aug 15, 2022
Nursing facilities, nursing assistants lead COVID incidence, state study finds … Another state surpasses 10% nursing home closure rate … Antigo, WI, assisted living community expands to meet increased…
Actions & Transactions, Aug. 15
By
Kathleen Steele Gaivin
Aug 15, 2022
Dwight Mortgage Trust provides $27M bridge acquisition financing for senior living portfolio in New York … Ziegler closes $17.7M taxable bank placement for View Alexandria by Goodwin Living … Berkadia…
Construction loan closings for skilled nursing increased sixfold in first quarter: report
By
Kathleen Steele Gaivin
Aug 12, 2022
Nursing care saw a sixfold increase quarter over quarter in construction loan closings in the first quarter of 2022, according to the most recent Lending Trends Report published Thursday by the National…
‘Long COVID’ could mean insurance cost increases for employers
By
Kathleen Steele Gaivin
Aug 12, 2022
More than two years into adjusting to the “new normal” brought on by COVID-19, employers now are faced with navigating the reality of “long COVID,” a wide range of ongoing health problems that…
States should not be required to increase civil penalties against employers for OSHA violations, governor…
By
Kathleen Steele Gaivin
Aug 12, 2022
States that administer Occupational Health and Safety Administration-approved state plans should not be required to increase civil penalties against employers who violate regulations to match federal penalties,…
Business briefs, Aug. 12
By
Kathleen Steele Gaivin
Aug 12, 2022
Skilled nursing provider to pay $5 million in Medicare fraud claim … Aging population boosts bottom line for long-term care providers, data show … Benchmark campaign seeks to dispel senior living misconceptions…
Actions & Transactions, Aug. 12
By
Kathleen Steele Gaivin
Aug 12, 2022
Capital Funding Group closes $40M in refinancing for Simi Valley, CA, senior living community … Benchmark Senior Living to open 100-unit community in Mount Pleasant, NY
Second-quarter earnings calls continued Wednesday with updates from Welltower and Invesque.
Boosting employee morale helps recruitment, retention efforts, history shows
By
Kathleen Steele Gaivin
Aug 11, 2022
Long-term care providers have been faced with staggering staffing challenges since the onset of the pandemic in the United States in early 2020, but history demonstrates that this isn’t the first time…
Assisted living, skilled nursing operator sued for sexual orientation discrimination
By
Kathleen Steele Gaivin
Aug 11, 2022
Tennessee-based Aspire Regional Partners falsely accused a long-term care facility maintenance director of performance deficiencies and then fired him because of his sexual orientation, the Equal Employment…
Business briefs, Aug. 11
By
Kathleen Steele Gaivin
Aug 11, 2022
2 SNFs, 5 employees indicted on fraud charges … Home healthcare provider ordered to pay $1.5 million in back wages, damages, civil fines … Trilogy Health Services partners with Norton Healthcare to…
Actions & Transactions, Aug. 11
By
Kathleen Steele Gaivin
Aug 11, 2022
Ziegler completes financing for Well-Spring acquisitions, expansions … Ryan Companies, LCS, Harrison Street close on joint venture, begin CCRC construction … Care Advantage acquires National Home Healthcare
59 percent of adult children cannot afford assisted living, home care for parents: survey
By
Kathleen Steele Gaivin
Aug 10, 2022
Fifty-nine percent of adults aged 40 to 55 who have parents said they will not be able to pay for in-home nursing care or life at an assisted living community for them
$3.6 million program seeks to address nursing shortage
By
Kathleen Steele Gaivin
Aug 10, 2022
titioners and nurse scientists in nursing homes, hospitals, schools and other settings.
Earnings calls wrap-up: Brookdale, NHI, Pennant Group
By
Kathleen Steele Gaivin
Aug 10, 2022
Second-quarter earnings calls continued Tuesday with updates from Brookdale Senior Living, National Health Investors and the Pennant Group.
Business briefs, Aug. 10
By
Kathleen Steele Gaivin
Aug 10, 2022
Sunrise, Hines, Welltower unveil name of newest NYC community, opening next year … Court stays implementation of state’s increased increased minimum wage, expanded sick leave laws … Japanese government…
Actions & Transactions, Aug. 10
By
Kathleen Steele Gaivin
Aug 10, 2022
Avanath Capital Management purchases $181.6M senior housing portfolio … Greystone provides $47M in HUD-insured financing for 5 SNFs … Goodwin Living closes on acquisition of former Pinnacle Living…
Nursing home workforce recovery will take until 2026 without a ‘boost’: AHCA
By
Kathleen Steele Gaivin
Aug 09, 2022
Recovery to pre-pandemic staffing levels in nursing homes could take until 2026 unless the industry receives a “boost” from policymakers, the American Health Care Association said Monday.
