Omega Healthcare Investors has ‘headroom’ to withstand LaVie’s bankruptcy: Fitch Ratings
By
Kathleen Steele Gaivin
Jun 12, 2024
Omega Healthcare Investors’ credit rating has enough of a cushion to weather the recent bankruptcy of tenant LaVie Care Centers, Fitch Ratings said Tuesday.
Bank sues memory care community, calling for receivership and sale for alleged $17 million loan default
By
Kathleen Steele Gaivin
Jun 11, 2024
A bank is calling for a Georgia memory care community to be put into receivership and possibly be sold, saying it is owed almost $17 million for a loan.
Aramark ‘running full steam’ into long-term care with more than dining
By
Kathleen Steele Gaivin
Jun 11, 2024
Food service company Aramark announced its planned re-entry into senior living and care last November at the LeadingAge Annual Meeting. The effort now is in full swing as Aramark SeniorLIFE+, with help...
Travel can benefit both family caregivers and care recipients: AARP
By
Kathleen Steele Gaivin
Jun 11, 2024
Despite challenges, there are innate benefits for family caregivers when they do make trips with their care recipients, according to the results of a survey by the AARP.
Legislation, lawsuits aim to block overtime rule from taking effect
By
Kathleen Steele Gaivin
Jun 07, 2024
Republican-backed legislation introduced this week in both houses of Congress under the Congressional Review Act, if passed, would block the federal overtime rule from going into effect on July 1.
Actions & Transactions, June 7
By
Kathleen Steele Gaivin
Jun 07, 2024
Legend assumes management, renames 4 Florida properties; increases portfolio to 59 … ESI arranges $8.5M sale of post-acute rehab facility in Las Vegas … Dover Health expands into Chicago with acquisition...
Labor market solid, with ‘notable pockets of weakness,’ ADP finds
By
Kathleen Steele Gaivin
Jun 06, 2024
“Job gains and pay growth are slowing going into the second half of the year,” ADP Chief Economist Nela Richardson said in a press release issued Wednesday in conjunction with the monthly ADP National...
Business briefs, June 6
By
Kathleen Steele Gaivin
Jun 06, 2024
Federal IT strategy should include long-term care, coalition says … State senate says legislation will protect long-term care workers … 23 Good Samaritan locations, 6 Ecumen communities earn 2024...
CareTrust REIT reports SNFs deals totaling $180 million
By
Kathleen Steele Gaivin
Jun 05, 2024
CareTrust REIT has purchased or funded the purchase of 13 skilled nursing facilities in two deals totaling approximately $180 million, the company announced Tuesday.
Business briefs, June 4
By
Kathleen Steele Gaivin
Jun 04, 2024
Benchmark at Alexandria partners with Curana Health for on-site supportive care for residents … ADvancing States leads cross-state caregiving collaborative … Fitch Ratings removes Village of Germantown...