More than 40% of companies in the S&P 500 have pulled their guidance due to the coronavirus pandemic … Ziegler completes two fixed-rate deals for nonprofit senior living providers … National Church Residences acquires independent living villas at Florida retirement community … Atlantic Housing Partners to open $15M Florida affordable seniors housing community … Boston Capital invests in Kansas affordable seniors housing expansion
Data from the U.S. Bureau of Economic Analysis shows a rebound in health spending across all categories except nursing home care … Treasury to give Congress access to all PPP loan data … Ziegler closes $53M in financing for Pennsylvania nonprofit life plan community … Highridge Costa completes Hawaii affordable seniors housing tower … High Street Residential completes Chicago-area active adult community
National Health Investors declares $1.1025 per share quarterly dividend … Life plan community model still stable and viable: Ziegler … Herman & Kittle receive $59M in financing for Indiana affordable seniors housing project … Ziegler closes $45M in Series 20 bank bonds for Tennessee CCRC … Greystone provides $43.9M refinancing loan for three New York SNFs … Strawberry Fields REIT acquires Kentucky SNF for $5.4M
Nonprofit senior living operators looking for additional working capital loans outside of the Paycheck Protection Program and the Provider Relief Fund still have a few options available to them, according to Tommy Brewer, managing director of the specialty investment bank Ziegler.
The coronavirus pandemic prompted most seniors housing and care organizations to postpone affiliation, acquisition and disposition plans. Now that the overall number of COVID-19 cases has begun to decline, however, many are getting back to discussing potential growth opportunities — and are curious how the outbreak might affect sponsorship transition activity, according to Lisa McCracken, director of senior living research and development at Ziegler.
The COVID-19 “new normal” for long-term care residents and families has heightened demand and interest for operators to provide additional clinical services within the long-term care setting, according to Ziegler.
Many senior living operators overwhelmed by the financial fallout of the coronavirus pandemic have been taking advantage of the federal government’s Paycheck Protection Program, according to data compiled by specialty investment bank Ziegler. In the first round of the PPP, which opened April 3, the firm reports that at least 84 senior living operators applied for more than $195 million in loans through approximately 45 banks.
Genesis Healthcare not in compliance with NYSE continued listing standard … Ziegler: Telehealth could be a critical business tool in the COVID-19 crisis … Total annual cost of Social Security program projected to exceed total annual income in 2021, even before effects of pandemic … Gates Construction completes Florida seniors housing community … CDC: Even more difficult assault of the virus could come in the winter