FBI, Justice Department cracking down on PPP loan fraudsters
By
Kathleen Steele Gaivin
Mar 19, 2024
The FBI and Justice Department are reportedly ramping up investigations and prosecutions of companies believed to have fraudulently obtained Paycheck Protection Program loans during the pandemic.
American Healthcare REIT board neutral on Comrit’s latest ‘opportunistic’ offer
By
Kathleen Steele Gaivin
Mar 19, 2024
The American Healthcare REIT Board of Directors has made no recommendation regarding an amended, unsolicited third-party bid mini-tender offer from Comrit Investments, according to a filing Friday with...
Bill to ban noncompete agreements considered by New York City lawmakers
By
Kathleen Steele Gaivin
Mar 19, 2024
After New York Gov. Kathy Hochul (D) in January vetoed a bill that would have banned most noncompete agreements in the state, lawmakers in New York City are considering a ban within city limits.
Business briefs, March 19
By
Kathleen Steele Gaivin
Mar 19, 2024
Investor group buys of long-term care properties from not-for-profit owners draws quality concerns … State health department rejects lawmakers’ pleas to appoint nursing home receiver … For-profit...
Actions & Transactions, March 19
By
Kathleen Steele Gaivin
Mar 19, 2024
CFG closes $16.35M bridge-to-HUD financing for 2-SNF acquisition in Utah … CareTrust REIT raises quarterly dividend to $0.29 per share … Trilogy Health Services CCRC opens in Bowling Green, OH …...
Fitch says ratings changes could benefit SNF-heavy CCRCs
By
Kathleen Steele Gaivin
Mar 18, 2024
Fitch Ratings’ proposed changes to the way it rates not-for-profit continuing care retirement / life plan communities are designed to provide “much more transparency around [communities] that don’t...
Employers can’t penalize workers for time off taken under FMLA, court rules
By
Kathleen Steele Gaivin
Mar 18, 2024
Employers must consider and adjust performance expectations accordingly for time off that employees take under the Federal Medical Leave Act, the 7th Circuit Court of Appeals has ruled.
Invesque continues to sell SNFs in shift to private-pay senior living
By
Kathleen Steele Gaivin
Mar 18, 2024
Invesque continues to sell the skilled nursing facilities in its portfolio to focus predominantly on private-pay senior living, the Fishers, IN-based healthcare real estate company reported in a full-year...
Business briefs, March 18
By
Kathleen Steele Gaivin
Mar 18, 2024
79% have positive outlook for senior living and care: NIC … Fundamentals make it easy to get excited about senior living: expert …The Helper Bees, BBC Maestro partner to provide educational resources...
Actions & Transactions, March 18
By
Kathleen Steele Gaivin
Mar 18, 2024
PSL sells Phillipsburg, PA, CCRC to Continuum Healthcare to focus on ‘strong emphasis’ in independent living… Ziegler advises on sale of 100+ bed SNF in Chicago … DiningRD acquires Kind Dining...