Nursing homes report 18,000 job losses in June, but May was worse
By
Amy Novotney
Jul 06, 2020
Although the healthcare sector overall saw a rebound in jobs in June, nursing homes and other residential care settings continued to see job losses last month. That’s according to monthly job numbers...
House passes two bills supporting affordable seniors housing
By
Amy Novotney
Jul 06, 2020
Affordable senior housing received a strong boost of support from the House last week as lawmakers passed two pieces of legislation: the Emergency Housing Protections and Relief Act of 2020 and the Moving...
FTC, DOJ issue new guidelines for vertical mergers
By
Amy Novotney
Jul 06, 2020
The Federal Trade Commission and the Department of Justice issued new joint guidelines on vertical mergers last week, the first major overhaul from the two federal antitrust agencies in more than 35 years....
Business briefs for Monday, July 6
Jul 06, 2020
Diversified Healthcare Trust maintains higher than expected occupancies during pandemic …House passes PPP application extension … Watercrest Senior Living Group breaks ground on new Myrtle Beach senior...
Many investors still bullish on seniors housing, despite grim nursing home headlines
By
Amy Novotney
Jul 02, 2020
Even as many headlines depict large COVID-19 outbreaks in skilled nursing facilities, investors still see big opportunities in seniors housing, according to an article this week by real estate media company...
Main Street Lending program off to sluggish start
By
Amy Novotney
Jul 02, 2020
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....
CEO optimism on economic outlook at its lowest level since 2009
By
Amy Novotney
Jul 02, 2020
CEOs at major U.S. companies have expressed a level of pessimism on the economic outlook not seen in 11 years, according to a quarterly survey from Business Roundtable.
Business briefs for Thursday, July 2
Jul 02, 2020
LTC employees can help protect seniors from financial exploitation: Consumer Financial Protection Bureau … Kindred Healthcare completes acquisition of two Texas behavioral health hospitals … Senior...
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...
COVID-19 fueling higher expenses, lost revenues
By
Amy Novotney
Jul 01, 2020
Nonprofit long-term care operators are dealing with millions of dollars in lost revenue and new costs as a result of the COVID-19 pandemic, according to a report Monday in Crain’s Detroit Business.