More than two weeks ago, the Federal Reserve launched its long-awaited $600 billion Main Street Lending Program, designed to help small and midsize businesses weather the coronavirus-induced recession....
Occupancy declines continue, despite new admissions: report
By
Amy Novotney
Jul 01, 2020
Occupancy downturns are continuing, even as many senior living operators begin accepting new residents. It’s a sign that the industry still has a long, slow recovery ahead, according to a report...
All REIT sectors declined last week, despite strong June rent collection
By
Amy Novotney
Jul 01, 2020
Property sectors among all real estate investment trust sectors declined last week as a surge of new cases of COVID-19 in many states raised concerns about economic reopenings.
Multigenerational homes likely to be more popular in the future, but may not be safest against pandemic
By
Amy Novotney
Jun 30, 2020
Demand is growing for homes designed to accommodate more than one generation, and many say they expect the pandemic to accelerate that trend. Shelter-in-place orders often make it difficult for adult children...
Employers could see healthcare costs rise 10% next year: PwC
By
Amy Novotney
Jun 30, 2020
Employers are likely to face an increase in medical costs of between 4% and 10% for their employees in 2021, according to a new report from PricewaterhouseCoopers.
Open communication and education are pandemic essentials: investment adviser report
By
Amy Novotney
Jun 26, 2020
During the ongoing pandemic, increasing communication with residents, families and staff has taken on even more importance than in the past, according to commentary released this week by investment firm...
Some assisted living operators passing COVID-19 costs on to residents
By
Amy Novotney
Jun 26, 2020
Senior living residents or their family members in at least eight states have filed complaints to their state attorney general or long-term care ombudsman about unfair billing practices related to the...
Pandemic could be even worse for older workers’ retirement than the Great Recession: economists
By
Amy Novotney
Jun 25, 2020
In a new analysis for CNN, two economists predict that the COVID-19 will have an even more profound effect on the retirement savings of older American workers’ than the Great Recession did more than...
Genesis and Ensign Group see shares drop amidst House COVID-19 nursing home investigation
By
Amy Novotney
Jun 22, 2020
Last week, a House of Representatives committee launched an investigation into how five large nursing home companies have handled COVID-19. Among the nursing homes under investigation are publicly traded...
Aegis Living CEO: ‘Not sure everyone is going to make it’
By
Amy Novotney
Jun 19, 2020
Experienced senior living operators are adapting to the effects of the COVID-19 pandemic and expect to come out strong on the other side of the current recession. Not all operators will survive, however,...