Occupancy increases for assisted living, nursing homes; decreases for memory care: NIC
By
Kathleen Steele Gaivin
Jan 14, 2022
Assisted living and nursing homes occupancy is on the rise, but memory care communities are seeing declining occupancy, according to the latest NIC Executive Survey Insights report released Thursday.
Senior housing and care market sees record M&A activity in fourth quarter: Report
By
Kathleen Steele Gaivin
Jan 14, 2022
The number of publicly announced senior housing and care acquisitions in the fourth quarter of 2021 indicate that the sector is rebounding from the pandemic economy, based on new acquisition data released…
United Methodist Retirement Communities & Porter Hills launches $5.2M bonus program for frontline staff
By
Kathleen Steele Gaivin
Jan 14, 2022
Recruiting and retaining staff members remain challenging for senior housing and care operators as the pandemic rages on. United Methodist Retirement Communities& Porter Hills is confronting the issues…
Business briefs, Jan. 14
By
Kathleen Steele Gaivin
Jan 14, 2022
CMS vaccine mandate upheld … Supreme Court stays OSHA vaccinate-or-test mandate for large private business … AHCA, AAPACN launch training program for post-acute and LTC providers … Iowa Gov. Kim…
Actions & Transactions, Jan. 14
By
Kathleen Steele Gaivin
Jan 14, 2022
EverWest Real Estate Investors, Ryan and Cadence Living sell AZ senior housing community to PGIM Real Estate for $46.3M … Developer breaks ground on $21M affordable senior housing project … The Blake…
Hines looks to raise $1B for fund targeting senior living and other property types
By
Kathleen Steele Gaivin
Jan 13, 2022
Houston-based international real estate firm Hines announced Monday the launch of its flagship tactical fund series in the United States. The fund is looking to raise $1 billion in equity, with a purchasing…
Wisconsin commits $500M for reimbursements to nursing homes, also increases HCBS reimbursement
By
Kathleen Steele Gaivin
Jan 13, 2022
Wisconsin will commit more than $500 million for payments and incentives to nursing homes by increasing reimbursement rates, Gov. Tony Evers (D) said Tuesday.
Kendal to relocate PA headquarters to University of Delaware
By
Kathleen Steele Gaivin
Jan 13, 2022
Kendal Corp., the Kennett Square, PA-based supporting organization for the Kendal System, announced plans Wednesday to move its headquarters to the University of Delaware’s Science, Technology and Advanced…
Business briefs, Jan. 13
By
Kathleen Steele Gaivin
Jan 13, 2022
Supreme Court divided over state’s right to take tort recoveries from Medicaid beneficiaries… NJ governor declares state of emergency over omicron variant … 20% of women expect later retirement…
Actions & Transactions, Jan. 13
By
Kathleen Steele Gaivin
Jan 13, 2022
Oppidan completes $100 million sale of three senior living communities … ReNew REIT buys Chatham County senior living community for $23M … Ware Malcomb completes 93-unit assisted living community in…
Brookdale, LTC, NHI and Welltower issue business updates
By
Kathleen Steele Gaivin
Jan 12, 2022
Several companies released updates this week, focusing on portfolio activity, litigation, capital, rent deferrals and occupancy.
Supreme Court to determine constitutionality of bankruptcy fees increase
By
Kathleen Steele Gaivin
Jan 12, 2022
The Supreme Court said Monday that it will review a case involving the constitutionality of Chapter 11 bankruptcy fees.
Diversity and inclusion progress continues despite COVID-19 challenges: Study
By
Kathleen Steele Gaivin
Jan 12, 2022
Most corporate human resources diversity leaders (67%) believe that the pandemic has not adversely affected improvements that their organizations have made related to diversity and inclusion, according…
Business briefs, Jan. 12
By
Kathleen Steele Gaivin
Jan 12, 2022
$80.5 million grant meant to help providers address lingering pandemic effects … Publicly traded REITs delivered greater than 40% increase in returns in 2021 … Luminaut acquires Rowland Design to expand…
Actions & Transactions, Jan. 12
By
Kathleen Steele Gaivin
Jan 12, 2022
Assisted living community Texas files for Chapter 11 protection for $45M of municipal bond debt … $24M affordable senior housing complex breaks ground in San Diego … Adaptive reuse: Former Texas hospital…
Seniors have less angst about personal finances than younger people: survey
By
Kathleen Steele Gaivin
Jan 11, 2022
Although Americans overall have “a dwindling sense of financial confidence,” older people are more optimistic than ever, according to the 2022 Wealth & Wellness Index released Monday by retirement…
Employee training key to avoiding workplace reductions before crisis: Study
By
Kathleen Steele Gaivin
Jan 11, 2022
Companies that invested more in employee training before the pandemic were less likely to lay off their employees and reduce their workforces when pandemic-related financial pressures hit, according to…
In absence of Supreme Court ruling, work toward compliance with OSHA rule, experts advise
By
Kathleen Steele Gaivin
Jan 11, 2022
With the Occupational Safety and Health Administration withdrawing part of its COVID-19 healthcare emergency temporary standard, the agency’s vaccination-and-testing mandate for employers with 100 or…
Business briefs, Jan. 11
By
Kathleen Steele Gaivin
Jan 11, 2022
Senior living must be prioritized in COVID-19 response, association says in plea to Biden administration … States beef up rules for nursing home visitors … Fitch rates Presbyterian Retirement Communities…
Actions & Transactions, Jan. 11
By
Kathleen Steele Gaivin
Jan 11, 2022
Cushman & Wakefield arranges $46.25M recapitalization of Class A senior housing community in Arizona … CREC Real Estate, Madison Marquette partnership obtains $37.5M for TX senior living community refinance…
States don’t wait as fate of federal COVID vaccine mandates remains uncertain
By
Lois A. Bowers
Kimberly Bonvissuto
Jan 10, 2022
As employers wait to see whether the Supreme Court will issue stays against federal COVID-19 vaccine mandates from the Occupational Safety and Health Administration and Centers for Medicare & Medicaid…
Unemployment drops below 4 percent for first time in pandemic, Labor Department reports
By
Kathleen Steele Gaivin
Jan 10, 2022
Although long-term care continues to face labor issues, the number of unemployed workers in the United States overall decreased below the 4% mark in December for the first time since the pandemic began,…
IntegraCare mentorship program benefits employees, residents across 3 states
By
Kathleen Steele Gaivin
Jan 10, 2022
IntegraCare’s Motivational Advancement Program, available to employees at all 15 of the company’s properties in Pennsylvania, Maryland and Virginia, aims to improve employees’ lives and, subsequently,…
National Labor Relations Board invites briefs regarding work rules standard
By
Kathleen Steele Gaivin
Jan 10, 2022
The National Labor Relations Board is inviting comments on whether it should adopt a new legal standard to determine whether certain employer work rules violate the National Labor Relations Act.
Business briefs, Jan. 10
By
Kathleen Steele Gaivin
Jan 10, 2022
Final deadline is Wednesday for Women of Distinction nominations … WV ‘not even close’ to peak as state requests CDC approval for fourth vaccine dose … CT to require long-term care employees to…
Actions & Transactions, Jan. 10
By
Kathleen Steele Gaivin
Jan 10, 2022
Ziegler advises Island Paradise Investments on $52M bridge loan … ESI arranges $25M sale of Indiana SNF … Cushman & Wakefield arranges recapitalization of 2 independent living, assisted living and…
More than half of workers polled want employers to record proof of vaccination: report
By
Kathleen Steele Gaivin
Jan 07, 2022
Fifty-three percent of American workers polled in a recent survey said they want technology in their workplaces that can record proof of COVID-19 vaccination.
Amazon commits $21M to pilot program for real estate developers of color
By
Kathleen Steele Gaivin
Jan 07, 2022
E-commerce tech company Amazon has launched a multimillion dollar program to help real estate developers of color advance their careers in the industry.
Business briefs, Jan. 7
By
Kathleen Steele Gaivin
Jan 07, 2022
Governor announces plans to distribute 1 million rapid COVID tests to assisted living communities, nursing homes; LeadingAge Florida applauds … Fed discusses faster rate hikes to counter inflation ……
Actions & Transactions, Jan. 7
By
Kathleen Steele Gaivin
Jan 07, 2022
ESI arranges $42.5M sale of 3-property SNF portfolio in Massachusetts … Cardinal Ritter Senior Services breaks ground on $6.5M memory care expansion … Quality Senior Living Partners sells 2 senior…
Senior living occupancy increases for second quarter in a row; delta variant has little effect
By
Kimberly Bonvissuto
Jan 06, 2022
Senior living (independent living and assisted living combined) occupancy increased for the second consecutive quarter, rising to 81% in the fourth quarter of 2021, according to NIC MAP data released Thursday…
Labor organizations, unions ask federal court intervene with OSHA protections for healthcare workers
By
Kathleen Steele Gaivin
Jan 06, 2022
Several labor organizations and unions representing healthcare workers filed suit Wednesday in the U.S. Court of Appeals for the District of Columbia, urging the court to order the Occupational Safety…
Catholic senior care provider expands footprint in Maine
By
Kathleen Steele Gaivin
Jan 06, 2022
At a time when some long-term care facilities in Maine have felt it necessary to shutter their doors due to staffing challenges and effects of the pandemic, one provider has decided to expand its presence…
Trilogy brings ancillary services under Synchrony Health Services umbrella
By
Kathleen Steele Gaivin
Jan 06, 2022
The landscape is changing a bit for Trilogy Health Services’s ancillary services subsidiary Synchrony Health Services.
Business briefs, Jan. 6
By
Kathleen Steele Gaivin
Jan 06, 2022
HRSA opens PRF reporting portal for second period … COVID vaccine mandate for 25 states newly challenged in federal court … SNF occupancy rose in October, but labor shortages persist: NIC analysis…
Actions & Transactions, Jan. 6
By
Kathleen Steele Gaivin
Jan 06, 2022
Summit Healthcare REIT acquires $130M 8-SNF portfolio in Georgia … JLL Capital arranges $37.5M refinancing for Dallas senior living community … Daytona Beach, BGC Advantage partner for $59.3M rehab…
Investors remain bullish on long-term care even as facilities default in record numbers: report
By
Kathleen Steele Gaivin
Jan 05, 2022
Fueled by losses brought on by the COVID-19 pandemic, more senior living and care community owners are defaulting on municipal bonds more than ever before. At the same time, however, investors stand ready…
American House enters Tennessee market with 13 former Eclipse properties
By
Kathleen Steele Gaivin
Jan 05, 2022
Southfield, MI-based American House Senior Living Communities entered the Tennessee market this week with a management agreement for 13 Ventas-owned properties formerly managed by Eclipse Senior Living.
LCS completes planned recapitalization with Redwood, McCarthy, LCS employee shareholders
By
Kathleen Steele Gaivin
Jan 05, 2022
Life Care Services, the nation’s second-largest senior living operator, according to Argentum and the American Seniors Housing Association, has completed a long-anticipated recapitalization that includes…
Business briefs, Jan. 5
By
Kathleen Steele Gaivin
Jan 05, 2022
Senior living occupancy recovery may stretch into 2023 — or 2028, leaders say … Manhattan DA declines to charge Cuomo for COVID-19 nursing home deaths … Florida bill would allow family to visit…
