No prison for nursing home owner who botched Hurricane Ida evacuation, leading to 7 resident deaths … 3 MA SNFs placed in receivership …VNA community in Somerville, MA, receives affordable housing...
Actions & Transactions, July 22
By
Kathleen Steele Gaivin
Jul 22, 2024
Coldwell Banker brokers $33.7M sale of active adult community in Huntington Park, CA … MorningStar Senior Living celebrates grand opening of Old Town community in Fort Collins, CO … TMG arranges sale...
Industry advocate defends CCRC model after bankruptcy attention
By
Kimberly Bonvissuto
Jul 16, 2024
The bankruptcy filings of several continuing care retirement / life plan communities has gained the attention of the Wall Street Journal, prompting a letter to the editor from LeadingAge defending the...
Business briefs, July 11
By
Kathleen Steele Gaivin
Jul 11, 2024
Assisted living managers in CCRCs see 4.64% salary bump: report … CCRC nursing staff pay, bonuses continue steady rise, outpacing cost-of-living … Brookdale continues push toward pre-pandemic occupancy...
Assisted living managers in CCRCs see 4.64 percent salary bump: report
By
Kimberly Bonvissuto
Jul 10, 2024
Assisted living/personal care managers in continuing care retirement / life plan communities received an average 4.64% bump in salary and an average 6.21% bonus over the previous year’s levels, according...
Most continuing care retirement / life plan communities maintained relatively high occupancy rates in the first quarter, with data showing a pattern of stronger occupancy growth in regions reporting smaller...
Business briefs, June 28
By
Kathleen Steele Gaivin
Jun 28, 2024
Supreme Court strips SEC of a critical enforcement tool in fraud cases … CCRC rent growth affects overall occupancy, occupancy growth … Empowering ‘deeply undervalued’ caregivers would improve...
‘Deteriorating’ outlook for CCRCs to continue for rest of year: Fitch
By
Kathleen Steele Gaivin
Jun 26, 2024
The “deteriorating” outlook for the not-for-profit continuing care retirement / life plan communities sector will continue for the rest of the year, “indicating our expectation that credit pressures...
Actions & Transactions, June 24
By
Kathleen Steele Gaivin
Jun 24, 2024
NJ appoints receiver at two facilities linked to Centers Health Care … Athena sells five nursing homes … Presbyterian Homes’ Moorings of Arlington Heights to add more independent living … Hebrew...
CCRCs continue upward trend in occupancy recovery
By
Kimberly Bonvissuto
Jun 20, 2024
Continuing care retirement / life plan community occupancy continues to grow, according to a new report from specialty investment bank Ziegler.