REITs focused on long-term care are ‘unsung heroes’ of investing, asset manager says
By
Kathleen Steele Gaivin
Sep 29, 2023
Real estate investment trusts with portfolios heavy in skilled nursing and senior living assets are being called the “unsung heroes” among investments by the author of one online post.
Executives seek alternative staffing models, according to survey
By
Kathleen Steele Gaivin
Sep 29, 2023
Healthcare executives are looking for alternative staffing models, according to a recent survey from ShiftMed.
Pathway Health launches workforce development initiative
By
Kathleen Steele Gaivin
Sep 29, 2023
Lake Elmo, MN-based Pathway Health has developed a new workforce initiative meant to address the need to fill leadership roles in senior living and skilled nursing.
Business briefs, Sept. 29
By
Kathleen Steele Gaivin
Sep 29, 2023
CMS, housing groups concerned about effect of potential government shutdown … Participation open for annual assisted living salary and benefit study … Baltimore mayor awards $2M “direct care worker…
Actions & Transactions, Sept. 29
By
Kathleen Steele Gaivin
Sep 29, 2023
Tradition Senior Living opens independent living community in Fort Worth, TX, adjacent to memory care, assisted living community … Blueprint facilitates 5-property senior living portfolio sale in Oregon
Federal interventions needed to support immigrants, a solution to workforce shortages: report
By
Kathleen Steele Gaivin
Sep 28, 2023
Federal-level policy interventions, such as providing work authorizations and pathways to citizenship, are needed to better support immigrant direct care workers and address workforce shortages, according…
Tropicana Field redevelopment plan includes 600 senior living units
By
Kathleen Steele Gaivin
Sep 28, 2023
The Tampa Bay Rays baseball team and Houston-based international real estate firm Hines have reached an agreement with the city of St. Petersburg, FL, and Pinellas County on a plan to redevelop a portion…
Federal ESG investment rule withstands legal challenge
By
Kathleen Steele Gaivin
Sep 28, 2023
A federal judge has upheld a Biden administration rule that lifts barriers to considering environmental, social and governance factors when employers are selecting 401(k) plans. The decision came after…
Business briefs, Sept. 28
By
Kathleen Steele Gaivin
Sep 28, 2023
Diversified Healthcare Trust announces personnel changes as it considers next steps in wake of failed merger … Newly formed Senior Living Transformation Company partners with Omega Healthcare Investors…
Actions & Transactions, Sept. 28
By
Kathleen Steele Gaivin
Sep 28, 2023
Lument closes $13.4M Fannie Mae loan refinance for luxury seniors community in Texas … Morning Pointe of Hardin Valley, TN, campus adding full-service memory care community … Benchmark at Alexandria…
Nursing home, home health spending up year over year
By
Kathleen Steele Gaivin
Sep 27, 2023
“July’s growth in health spending on nursing home care and home healthcare remained faster than the broader health spending trends,” Corwin (Corey) Rhyan, research director of health economics and…
New publication guides employers in recruiting, hiring people with disabilities
By
Kathleen Steele Gaivin
Sep 27, 2023
The Equal Employment Opportunity Commission and the Department of Labor on Tuesday released a resource guide about recruiting, hiring and employing people with disabilities.
Legislative committee considers locating child care centers in nursing homes
By
Kathleen Steele Gaivin
Sep 27, 2023
Child care centers could be located in nursing homes under a proposal discussed Monday by the South Dakota Study Committee on Sustainable Models for Long Term Care.
Business briefs, Sept. 27
By
Kathleen Steele Gaivin
Sep 27, 2023
Older adults’ vulnerability declines soon after moving into senior housing: study … Price of nursing home staffing mandate is $6.8B, 100K more workers, analysis finds … Veterans Homes of California…
Nurse engagement varies by generation, shift time, care setting
By
Kathleen Steele Gaivin
Sep 26, 2023
Most of America’s registered nurses report being “fully engaged” or “engaged” at work, according to the results of a new survey from market research and consulting company PRC. But the…
Investment will help staffing initiatives in assisted living, nursing homes
By
Kathleen Steele Gaivin
Sep 26, 2023
The Nebraska Health Care Foundation, part of the Nebraska Health Care Association, the state affiliate of the American Health Care Association/National Center for Assisted Living, will use a Health of…
Colorado SNF sanctioned for 2021 data breach
By
Kathleen Steele Gaivin
Sep 26, 2023
The state of Colorado has settled with Broomfield Skilled Nursing and Rehabilitation Center for not protecting the personal data of hundreds of residents, patients and employees before and during a 2021…
Business briefs, Sept. 26
By
Kathleen Steele Gaivin
Sep 26, 2023
Misclassifying workers costs provider $99,000 in back wages … Diversified Healthcare Trust’s senior living portfolio continues to struggle following merger collapse … Disrupting an ‘ecosystem that…
Actions & Transactions, Sept. 26
By
Kathleen Steele Gaivin
Sep 26, 2023
Poppy Bank provides $43.24M in financing for Southern California senior living community … McShane Construction completes senior living development in West Dundee, IL … $6.5M affordable senior housing…
Anticompetitive, unfair, deceptive practices in workplace targeted under new FTC, DOL agreement
By
Kathleen Steele Gaivin
Sep 25, 2023
Operators may find themselves under increased scrutiny as the Federal Trade Commission and the Department of Labor team up to target anticompetitive, unfair and deceptive practices in the workplace.
New EEOC enforcement plan focuses on diversity, inclusivity, discrimination tied to AI, long COVID, pregnancy
By
Kathleen Steele Gaivin
Sep 25, 2023
The Equal Employment Opportunity Commission is doubling down on efforts to protect workers from discrimination involving artificial intelligence, pregnancy and long COVID, according to a strategic enforcement…
Paid training program helps recruit CNAs to Barclay Friends CCRC
By
Kathleen Steele Gaivin
Sep 25, 2023
Barclay Friends, a Kendal-affiliated continuing care retirement / life plan community in West Chester, PA, says that it has found that offering paid training opportunities is a game-changer in the recruitment…
Business briefs, Sept. 25
By
Kathleen Steele Gaivin
Sep 25, 2023
Nursing homes fared worst in study of federal nurse staffing needs during pandemic… Senior living a growth area for LeadingAge Ziegler 200 not-for-profit providers … As feds claw back PRF payments,…
Actions & Transactions, Sept. 25
By
Kathleen Steele Gaivin
Sep 25, 2023
Assisted Living Locators marks 20th anniversary … Life Plan Humboldt secures $1.4M from California … Bronson Commons in Kalamazoo, MI, celebrates 10th anniversary … New Day Healthcare makes seventh…
Bipartisan Senate bill aims to increase nurse training programs
By
Kathleen Steele Gaivin
Sep 22, 2023
A bipartisan group of senators has introduced legislation meant to address the nursing shortage affecting healthcare providers and communities throughout the United States.
Healthcare REIT ratings expected to hold despite staffing mandate, Fitch says
By
Kathleen Steele Gaivin
Sep 22, 2023
Real estate investment trusts that own skilled nursing facilities are not likely to see their ratings affected by a minimum staffing rule that will affect most nursing homes across the country within the…
Berkadia secures $40.8 million in financing for communities in 3 states
By
Kathleen Steele Gaivin
Sep 22, 2023
Berkadia Seniors Housing & Healthcare has financed a skilled nursing facility in Idaho, a transitional care facility in Nevada, and an independent living, assisted living and memory care community in Oregon…
Business briefs, Sept. 22
By
Kathleen Steele Gaivin
Sep 22, 2023
Comment period extended until Oct. 17 for proposed federal mental health coverage rule … US employers next year to see biggest healthcare cost jump in a decade … Fitch Ratings affirms Plymouth Place…
Actions & Transactions, Sept. 22
By
Kathleen Steele Gaivin
Sep 22, 2023
G Capital Markets arranges $9.6 million HUD refinancing for Trellis, CA, SNF … Morningside Ministries plans independent living expansion at complex in Boerne, TX … Confluent, MorningStar enter into…
CCRC ratings unlikely to be affected by SNF staffing mandates: Fitch
By
Kathleen Steele Gaivin
Sep 21, 2023
The minimum staffing rule that most nursing homes will be required to meet within the next three years will add to staffing pressures at continuing care retirement / life plan communities, but it will…
Homeland Security says proposed rule for temporary foreign workers will help employers
By
Kathleen Steele Gaivin
Sep 21, 2023
The Department of Homeland Security said that a proposed rule published Wednesday in the Federal Register will “modernize and improve” regulations related to the H-2B temporary nonagricultural worker…
Investor dissatisfaction grows with boards, ESG proposals: report
By
Kathleen Steele Gaivin
Sep 21, 2023
More shareholders are dissatisfied with corporate boards of directors than in the past, and support for environmental, social and governance proposals also has waned, according to a report released Wednesday…
Business briefs, Sept. 21
By
Kathleen Steele Gaivin
Sep 21, 2023
Americans underestimate impact of health in retirement planning … LeadingAge Kansas Foundation among recipients of $12.7M in DOL grants to promote safety, training, education … Serviam Care Network,…
Actions & Transactions, Sept. 21
By
Kathleen Steele Gaivin
Sep 21, 2023
JLL Capital Markets secures $43.24M for senior living community in Thousand Oaks, CA … Inbound Health achieves $30M in Series B funding round … Capital Funding Group closes $13.84M mezzanine loan for…
End of pandemic-era payments to family caregivers could complicate workforce shortages
By
Kathleen Steele Gaivin
Sep 20, 2023
During the pandemic, most states allowed some form of payment to family caregivers whose loved ones were receiving Medicaid home- and community-based services. As those payments dry up, workforce shortages…
Millions of retirees return to work for financial, emotional reasons
By
Kathleen Steele Gaivin
Sep 20, 2023
Many Amerians who chose to retire for one reason or another during the pandemic have returned to the workforce, according to a new report from global investment management firm T. Rowe Price. They could…
Retirement outlook improves, but not all retirees are optimistic
By
Kathleen Steele Gaivin
Sep 20, 2023
Economic conditions have improved the retirement outlook for Americans this year, according to the 2023 Natixis Investment Managers’ Global Retirement Index released last week. But at the same time,…
Business briefs, Sept. 20
By
Kathleen Steele Gaivin
Sep 20, 2023
Provider’s intergenerational day care, preschool create awareness around senior living … 35-facility nursing home chain files for bankruptcy … Bourbon distillery launches $100K scholarship fund…
Actions & Transactions, Sept. 20
By
Kathleen Steele Gaivin
Sep 20, 2023
Urban Atlantic Development secures $69M to build affordable senior housing development in Washington, DC … 1031 Crowdfunding expands into Florida with acquisition of 2 senior living communities … Buffalo,…
Recession could exacerbate ‘deteriorating’ outlook for CCRCs: Fitch
By
Kathleen Steele Gaivin
Sep 19, 2023
A possible recession is looming around the corner and could spell trouble for continuing care retirement / life plan communities, according to a report released Monday by Fitch Ratings.
