Turnover rates for certified nursing assistants, licensed practical nurses and registered nurses in continuing care retirement communities have reached their highest points over the past decade in 2021, according to a new analysis of historical data from the Hospital & Healthcare Compensation Service.
Life plan communities held their ground throughout the pandemic by using various forms of emergency funds to offset increased expenses and pressured cash flows during the public emergency, according to a Fitch Ratings special report issued this week.
U.S. News & World Report has launched a “Best Senior Living” initiative with the goal of releasing inaugural listings for consumers in the first quarter of 2022. The program will cover individual independent living, assisted living, memory care and continuing care retirement/life plan communities.
Healthpeak Properties continued its substantial exit from rental senior housing in the second quarter, as well as a strategic acquisition and development pipeline across all of its business segments, CEO Thomas Herzog said Wednesday during a second-quarter earnings call.
As the long-term care sector emerges from the pandemic, Fitch Ratings expects that life plan communities will continue to consolidate over the next few years.
Amsterdam of Harborside, Port Washington, PA, filed last week for chapter 11 bankruptcy protection in the Bankruptcy Court for the Eastern District of New York.
Creating a virtual marketplace represents a tremendous business opportunity for innovators who want to see their residents and local older adults thrive.
Occupancy in continuing care retirement communities fell 1.4 percentage points from the fourth quarter to 84.3% through the first quarter of 2021, according to data released Friday by the National Investment Center for Seniors Housing & Care.
Proposed legislation in New Mexico would require life plan community operators to be more upfront with investors about community finances.
Healthpeak Properties continued its exit from most senior living with the sale of $1 billion in assets in the first quarter, with an additional $400 million in deals under hard or soft contract.
