Pennant Group’s senior living segment revenue tops $40M in first quarter
By
Kathleen Steele Gaivin
May 08, 2024
The Pennant Group delivered a strong first quarter and a great start to the year, CEO Brent Guerisoli told investors on Tuesday’s earnings call.
Business briefs, April 16
By
Kathleen Steele Gaivin
Apr 16, 2024
US News Best Senior Living program grows to recognize 1,703 communities in third year … CareTrust REIT awarded ISS ESG ‘prime’ status for 2024 … Woodlands Senior Living earns assisted living...
Business briefs, April 11
By
Kathleen Steele Gaivin
Apr 11, 2024
Consumer Price Index increases by 0.4% … New group to advocate for retirement-related public policies … Fitch Ratings affirms Asbury Maryland at BBB; outlook stable
Older adults’ net worth surges following pandemic
By
Kathleen Steele Gaivin
Mar 13, 2024
Home and stock prices have increased substantially since the COVID-19 pandemic, resulting in a $91,000 median increase in net worth between 2019 and 2022 for households headed by someone aged 65 or more...
CCRC outlook not getting worse but also not improving much, Fitch says
By
Kathleen Steele Gaivin
Jan 19, 2024
Fitch Ratings’ outlook for continuing care retirement / life plan communities is “deteriorating,” according to the company’s senior director and sector lead for life plan communities, Margaret...
Regional Health Properties to simplify capital structure, reduce expenses
By
Kathleen Steele Gaivin
Nov 27, 2023
Atlanta-based Regional Health Properties plans to further simplify its capital structure and reduce corporate expenses, President and CEO Brent Morrison said in a press release announcing the company’s...
$1.6 million grant will help older workers train for CNA, other healthcare roles
By
Kathleen Steele Gaivin
Oct 11, 2023
The National Council on Aging has received a $1.6 million AmeriCorps Seniors grant to test a program to train adults aged 55 or more years to become certified nurse assistants, electrocardiogram technicians...
Millions of retirees return to work for financial, emotional reasons
By
Kathleen Steele Gaivin
Sep 20, 2023
Many Amerians who chose to retire for one reason or another during the pandemic have returned to the workforce, according to a new report from global investment management firm T. Rowe Price. They could...
Recession could exacerbate ‘deteriorating’ outlook for CCRCs: Fitch
By
Kathleen Steele Gaivin
Sep 19, 2023
A possible recession is looming around the corner and could spell trouble for continuing care retirement / life plan communities, according to a report released Monday by Fitch Ratings.
Business briefs, Sept. 14
By
Kathleen Steele Gaivin
Sep 14, 2023
Palace Group, Sinai Residences named 2023 Best Workplaces for Aging Services … First national directory of university-associated senior living communities launches … Maligned by ‘misperceptions’...