4 Ascension Living properties sold to Prime Healthcare in ‘historic’ deal
By
Lois A. Bowers
Jul 26, 2024
Four Ascension Living senior living and care properties in Illinois will be sold to Ontario, CA-based Prime Healthcare along with nine Ascension hospitals and associated physician practices in The Prairie...
Trilogy Health Services to expand, build properties in 4 Midwest states
By
Lois A. Bowers
Jul 26, 2024
Louisville, KY-based Trilogy Health Services on Thursday announced plans to develop or expand its senior living or skilled nursing offerings in four Midwest states: Indiana, Kentucky, Michigan and Ohio.
Infrastructure, data analytics popular tech investments among long-term care providers
By
Lois A. Bowers
Jul 26, 2024
Infrastructure for internet connectivity was the most common technology investment made over the past year by long-term care operators responding to a new survey, and data analytics tools were the most...
Business briefs, July 26
By
Lois A. Bowers
Jul 26, 2024
Existing home sales slip 5.4%; median sales price jumps to record high … Fitch downgrades Christian Horizons OG, IL to ‘D’ … Fitch downgrades Lutheran Senior Services East’s (PA) IDR to ‘BBB’;...
Actions & Transactions, July 26
By
Lois A. Bowers
Jul 26, 2024
Berkadia negotiates $42.55M senior living portfolio sale in Florida … Focus Healthcare Partners acquires Treeo Senior Living for $26.166 million … $1.4 million in tax credits to bring more affordable...
FTC’s noncompete ban upheld in one district court — a different conclusion than reached in another...
By
Kathleen Steele Gaivin
Jul 25, 2024
A federal judge in Pennsylvania on Tuesday denied a request to block enforcement of the Federal Trade Commission’s final rule banning noncompete agreements in most instances.
Senior living and care sees record-level transactions in first half of 2024
By
Kathleen Steele Gaivin
Jul 25, 2024
The senior living and care sector has seen a record number of transactions in the first half of this year among organizations looking to merge, “as well as scenarios where a disposition/sale may be the...
Artificial intelligence to play expanded role in hiring: report
By
Kathleen Steele Gaivin
Jul 25, 2024
As employers strive to fill positions in a competitive market, artificial intelligence may play an expanded role in the hiring process, according to Paycor’s recently published HR in 2025: Insights &...
Business briefs, July 25
By
Kathleen Steele Gaivin
Jul 25, 2024
Act would bolster federal long-term care resident advocacy program … HUD announces $19M in new housing investments … Bankrupt nursing homes to pay $36M over DOL wage suit … Fitch Ratings affirms...
Actions & Transactions, July 25
By
Kathleen Steele Gaivin
Jul 25, 2024
Lument closes $38.8M Freddie Mac refinance for CA senior living communities … ESI arranges sale of Beacon Ridge SNF in PA … Omega Healthcare Investors declares quarterly dividend … Linus Health acquires...