Affiliate of Sage Healthcare Partners purchases bankrupt Michigan CCRC for $76.3M
By
Amy Novotney
May 10, 2021
Dearborn, MI-based continuing care retirement community Henry Ford Village announced late Thursday that it had received a successful bid from HFV OPCO LLC, a newly formed affiliate of Sage Healthcare Partners...
Business briefs for Wednesday, Dec. 2
Dec 02, 2020
PA governor vetoes bill giving senior living and care organizations limited liability protections … Americans’ feelings of financial security remains at pre-pandemic levels: survey … Older adults...
‘Business pandemic’ will spur lawsuit wave: M&A litigator
By
Amy Novotney
May 20, 2020
Despite efforts by Republican lawmakers to create stronger liability protections for healthcare workers and small businesses hammered by the pandemic, COVID-19-related lawsuits still are likely to be pursued,...
Rethinking the healthcare workforce amid COVID-19
By
Amy Novotney
Mar 30, 2020
Healthcare organizations around the nation are scrambling to stay on top of the COVID-19 pandemic. Many facilities are finding that adequate staffing — a hurdle in the best of times — has become...
Nursing homes lost 153,000 jobs in 2020, almost 10 percent of workforce: report
By
Amy Novotney
Jan 21, 2021
Although employment in the overall economy fell for the first time since April, healthcare employment grew by 39,000 jobs, comparable with the 31,000 jobs added in November, according to a report released...
Healthcare quarantines spur staffing concerns
By
Amy Novotney
Mar 12, 2020
As nursing homes, assisted-living centers and other senior living communities across the country work overtime prepping to prevent the spread of the coronavirus among its residents and staff, operators...
COVID-19 could lead to billions in long-term healthcare costs: experts
By
Amy Novotney
Aug 04, 2020
More than 18 million people have been infected by coronavirus worldwide, about a quarter of them in the United States. And healthcare experts say it will likely be years before the costs for those who...
Genesis: COVID-19 might put us out of business
By
Amy Novotney
Aug 12, 2020
COVID-19 is having a “significant adverse impact” on the finances of Kennett-Square, PA-based Genesis Healthcare, with estimates showing that the incremental expenses and lost revenue caused by the...
Decline in nursing home residents spurs long-planned strategic moves for one long-term care operator
By
Amy Novotney
Apr 20, 2021
The COVID-19 pandemic has offered a bit of a silver lining for one Connecticut long-term care operator: the impetus for making long-planned strategic changes in skilled nursing and an expansion in its...
OSHA issues new COVID-19 guidance for employers; mandates still forthcoming
By
Amy Novotney
Feb 01, 2021
In response to an executive order, the Occupational Safety and Health Administration issued stronger worker safety guidance Friday to help employers and workers implement COVID-19 prevention programs and...