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....
Fed study: More firms cutting investments and payouts during pandemic than last recession
By
Amy Novotney
May 07, 2020
Last month’s earnings calls – some of the first to occur since the global coronavirus began – pointed to financing fears throughout corporate America that far exceeded the 2008 crisis, according...
Could senior living face long-term financial problems due to COVID-19?
By
Amy Novotney
Apr 17, 2020
Senior living communities are facing grave uncertainty amidst the novel coronavirus pandemic, according to a story Thursday.
Bankers keeping close eye on senior living industry amid virus concerns
By
Amy Novotney
Mar 20, 2020
The increasing number of COVID-19 outbreaks at nursing homes and retirement communities across the nation has lenders worried about the financial health of these facilities, according to an article in...
Private equity firms halt dealmaking amid COVID-19
By
Amy Novotney
Mar 27, 2020
Many private equity firms are turning their attention away from mergers and acquisitions to focus on the needs of its current portfolio holdings amid the market’s uncertainty around the coronavirus pandemic,...
AHCA/NCAL: CMS Accelerated Payment program providing quick support
By
Amy Novotney
Apr 16, 2020
The surest bet for quick financial help for long-term care operators right now appears to be through the Centers for Medicare & Medicaid Services’ Accelerated Payment Program, Consolidated Billing Services...
Genesis and Ensign Group see shares drop amidst House COVID-19 nursing home investigation
By
Amy Novotney
Jun 22, 2020
Last week, a House of Representatives committee launched an investigation into how five large nursing home companies have handled COVID-19. Among the nursing homes under investigation are publicly traded...
Analysts mull recovery prospects for seniors housing REITs
By
Amy Novotney
May 18, 2020
A week after the sector’s largest companies reported first-quarter earnings, several analysts have shared their views on how healthcare real estate investment trusts are faring amidst the ongoing COVID-19...
Fed frees funds to offset coronavirus concerns
By
Amy Novotney
Mar 10, 2020
The Federal Reserve took a page from its 2008 crisis-era playbook in an attempt to stem investor panic over the spread of the coronavirus, according to Wall Street Journal reports. The Federal Reserve...
Report puts senior living on hot seat for requesting immunity from COVID-19 lawsuits
By
Kimberly Bonvissuto
Jun 12, 2020
Senior living and care providers found themselves on the hot seat with the release of a new report from a national consumer advocacy organization that has the support of a U.S. senator and takes several...