Shell Point Retirement Community to borrow $260M for expansion, including hurricane-grade shelter … Bethesda breaks ground on active adult community in Wilmar, MN … Blueprint advises Birchwood Healthcare...
PACS Group subsidiaries to acquire 53 long-term care properties across 8 states
By
Kathleen Steele Gaivin
May 24, 2024
PACS Group is on an accelerated growth trajectory since going public earlier this month.
Business briefs, May 21
By
Kathleen Steele Gaivin
May 21, 2024
New bill would extend telehealth services for seniors … Long-term care leaders return to basics, employ innovation to grow direct care staff … Nursing home residents sue state over conditions, lack...
Actions & Transactions, May 14
By
Kathleen Steele Gaivin
May 13, 2024
First Citizens Bank arranges $260M for refinancing of 12-property SNF portfolio in Maryland … ESI sells 8-property, $60M SNF portfolio in Hartford, CT, metro area … Cogir of Folsom, CA, celebrates...
Actions & Transactions, May 9
By
Kathleen Steele Gaivin
May 09, 2024
CFG closes $20M bridge-to-Hud loan for refinancing of Maryland SNF … Muchmore Capital receives HUD MAP, Lean licenses … SLIB negotiates sale of Chandler, AZ, senior living community … Pittsburgh-area...
Business briefs, May 2
By
Kathleen Steele Gaivin
May 02, 2024
House committee split raises new questions on nursing home staffing rule’s future … CVS Health sees decline in health services segment … Walmart closes health division … Pennant Group acquires...
Business briefs, April 26
By
Kathleen Steele Gaivin
Apr 26, 2024
Senate bill counts hospital ‘observation’ days toward time needed for skilled nursing coverage … This state is inching closer to universal sick leave … Senate, House appropriations subcommittees...
Rate growth slows for SNFs, home care
By
Kathleen Steele Gaivin
Apr 17, 2024
Rates for both nursing home care and home healthcare grew more slowly in March than in February, according to Altarum’s monthly Health Sector Economic Indicators brief, released Tuesday.
SNFs, CCRCs ‘off the pace’ for recruiting, retaining workers: Fitch
By
Kathleen Steele Gaivin
Apr 16, 2024
Skilled nursing facilities and continuing care retirement / life plan communities “are still well off the pace needed to reach a full post-pandemic recovery” in terms of their workforces, according...
Long-term care mergers and acquisitions increase year over year
By
Kathleen Steele Gaivin
Apr 11, 2024
Mergers and acquisitions involving senior living communities and skilled nursing facilities increased by 34% year over year in the first quarter, according to data from LevinPro LTC.