Coronavirus / COVID-19 - McKnight's Senior Living

Coronavirus / COVID-19

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Concerns grow that pandemic relief bill will accelerate ongoing shift to HCBS

The $1.9 trillion coronavirus relief package passed by the U.S. House of Representatives on Saturday includes billions of dollars in new funding for government long-term services and supports for frail older adults and young people with disabilities. Many long-term care experts, however, worry that the bill’s most far-reaching change may be a temporary funding increase for Medicaid home- and community-based services that exclude nursing care.

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New Senior to move 21 communities from Holiday to Atria to diversify portfolio

New Senior Investment Group will transition the management of 21 senior living communities in its 103-community portfolio from Holiday Retirement to Atria Senior Living in an effort to diversify the operator mix in its portfolio, President and CEO Susan Givens announced Thursday during the real estate investment trust’s fourth-quarter and full-year 2020 earnings call.

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Pennant puts acquisitions on hold for senior living but not home health, hospice

In the midst of a “challenging operating environment” for senior living, The Pennant Group does not plan to allocate capital for acquisitions in the sector in the near term “as our leaders focus their efforts on navigating the challenges of the pandemic and driving improved results in our existing buildings,” Chairman and CEO Danny Walker said Thursday on the holding company’s fourth-quarter and full-year 2020 earnings call.

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