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.
Healthcare cost growth rate down year over year, except for skilled nursing
By
Kathleen Steele Gaivin
May 23, 2024
Healthcare cost rates grew by 2.8% year over year in April, down from the growth rate of 3.1% seen the previous month.
56 percent willing to dip into retirement savings to be family caregiver: survey
By
Kathleen Steele Gaivin
May 23, 2024
Fifty-six percent of Americans participating in a new survey said they would be willing to take a loan from their own retirement fund to become a caregiver for someone else.
California takes top spot as worst state for retirees
By
Kathleen Steele Gaivin
May 23, 2024
California and New York are the worst places for retirees to live, due to rising costs, lack of healthcare options and limited choice of retirement communities, according to data from SmartAsset as reported...
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...
Healthcare sees highest Chapter 11 bankruptcy filings in 15 years: report
By
Kathleen Steele Gaivin
May 18, 2024
Chapter 11 bankruptcies in healthcare, including senior living reached a multiyear high in the first quarter of 2024. That’s according to the newest Polsinelli-TrBK Distress Indices Report, published...
More boomers favor renting, with little interest in buying homes: report
By
Kathleen Steele Gaivin
May 18, 2024
Baby boomers — those born between 1946 and 1964 — are bucking the trend when it comes to renting versus buying a new home, according to a report from Bank of America, published Wednesday.
Healthcare sees highest Chapter 11 bankruptcy filings in 15 years: report
By
Kathleen Steele Gaivin
May 17, 2024
Chapter 11 bankruptcies in healthcare, including senior living reached a multiyear high in the first quarter of 2024. That’s according to the newest Polsinelli-TrBK Distress Indices Report, published...
Masonicare, United Methodist Homes plan merger
By
Kathleen Steele Gaivin
May 17, 2024
Connecticut providers Masonicare and United Methodists Homes plan to merge in a deal expected to close early next year.
‘Great Resignation’ becomes ‘Great Reshuffle’ of American jobs
By
Kathleen Steele Gaivin
May 16, 2024
After a record number of workers left their jobs in the early part of the decade in what was known as the “Great Resignation,” the American workforce has entered a period now dubbed the “Great Reshuffle,”...