The majority (78.7%) of those searching for a senior living community or skilled nursing facility for themselves or a family member to move into are looking to relocate to a community in six or fewer months, according to recently published research by Seniorly.
A proposed regulation that calls for Pennsylvania skilled nursing facilities to increase minimum direct staffing hours from 2.7 hours per resident per day to 4.1 would require 7,000 new workers and result in approximately $400 million in new costs, Pennsylvania Health Care Association President and CEO Zach Shamberg testified Wednesday to the state Senate Aging & Youth and Health & Human Services Committees.
SafelyYou accelerates growth by closing $19.5 million Series A funding round … Executives report skilled nursing occupancy dip in latest NIC survey … San Francisco leaders approve protections for residential care facilities … PA General Assembly announces $278M in American Rescue Plan funds for nursing facilities, personal care homes and assisted living communities … Nursing home aides least likely workers to be fully vaccinated against coronavirus
CareTrust REIT announces quarterly dividend of $0.265 per share … HUD awards $3.2M to Maine county authority for housing for low-income seniors … NY senior living community plans $1.6M expansion … Lument Securities advises Philadelphia-area CCRC on sale to private operator … Pride Place affordable housing for LGBTQ+ seniors to open on Puget Sound … Mayfair Apartments cuts the ribbon on affordable senior housing complex
Ortelius Advisors continues to take a stand against Capital Senior Living’s proposal to raise up to $152.5 million through the private placement of convertible preferred stock to affiliates of Conversant Capital and is urging other stockholders to band together against the proposed transactions.
Skilled nursing facilities, assisted living communities and other types of senior living and care providers can work with a partner to leverage a modern funding method, mitigate risk, create cost efficiency and use technology to improve infrastructure. That’s according to Mary Fox, vertical market director of living spaces at global diversified technology company Johnson Controls, which has a U.S. headquarters in Milwaukee.
Life plan communities held their ground throughout the pandemic by using various forms of emergency funds to offset increased expenses and pressured cash flows during the public emergency, according to a Fitch Ratings special report issued this week.
Argentum expands training program to leadership roles, sets overall goal of 7,200 apprentices by 2024 … Judge blocks New York vaccine mandate over lack of religious exemption … Monastery Heights assisted living community gets new owner
Greystone provides $18.8M in financing for 136-unit senior housing community … Medcore sells Birchview Memory Care in Washington … Ryan Companies breaks ground on 192-unit senior living community in southern Florida … Bear Creek Nursing and Rehabilitation Center celebrates 40th anniversary
From the beginning of the COVID-19 pandemic through last month, Sabra Health Care REIT has collected 99.8% of its forecasted rents, the company reported in a business update Monday.
National Health Investors will defer $1 million in Bickford Senior Living rent for September, the real estate investment trust said Monday in a business update.
The chief tax-writing committee in the U.S. House of Representatives is looking to add universal paid leave and guaranteed access to affordable, quality child care to the proposed $3.5 trillion economic package being considered in Congress.
New Senior Investment Group stockholders approve merger with Ventas … Union doubles down on support for Biden’s Build Back Better plan with $3.5 million TV and digital ad buy … Business groups urge WA governor to intervene ahead of LTC insurance tax … Clearwater Living, Berkshire Realty Venture to invest $1B in senior living development, acquisitions … K4Connect announces release of Alexa Management APIs for multimodal experience for residents, staff
Capital Funding Group closes $262.6M refinancing for tri-state LTC portfolio … Bellwether Enterprises closes $35M in affordable housing loan deals in TN, MD and IN … Mountain Pacific Bank provides $5M loan to complete acquisition financing for Tacoma memory care community
With a management agreement in place with Northstar Senior Living for seven additional properties, Diversified Healthcare Trust has now completed 62 of 108 planned transitions from Five Star Senior Living to other third-party operators.
Ortelius Advisors founder and managing member Peter DeSorcy reportedly has said he is willing to backstop a new equity rights offering of up to $70 million for Capital Senior Living as an alternative to the operator’s fundraising plans with Conversant Capital and its affiliates.
Unvaccinated workers could face higher health insurance premiums or even risk employment termination in light of President Joe Biden’s order last week that employers with 100 or more workers require them to either get vaccinated or undergo weekly COVID-19 testing.
Brownsburg Health Care Center celebrates 50th anniversary … Fitch Ratings assigns A- issuer default rating to Sun Health Services Obligated Group; affirms outstanding revenue bonds … OnShift, Viventium partnership adds payroll and HRIS to OnShift’s human capital management product suite … Glennis Solutions unveils new offerings at Argentum … VoiceFriend announces partnership with Accushield to automate resident and family notification of visitors
Prevail Homes holds ribbon-cutting ceremony for Florida community … Former Ohio convent repurposed for assisted living … Riverview Senior Living breaks ground in Alaska
Maplewood Senior Living and Omega Healthcare Investors on Thursday announced plans to bring Inspīr Embassy Row, a new luxury senior living high-rise, to metropolitan Washington, D.C.