New Perspective buys 6 communities using $200M+ in capital, with plans for $500M in future acquisitions
By
Kathleen Steele Gaivin
May 02, 2024
Senior living operator New Perspective will use more than $200 million in bridge loans, preferred equity and common equity from BMO, Fengate and Boldt to buy and finance six senior living communities with...
Private equity healthcare bankruptcies spiked in 2023, with more expected this year
By
Kathleen Steele Gaivin
Apr 18, 2024
Private equity healthcare bankruptcies hit a record high last year, with more expected this year, according to nonprofit Private Equity Stakeholder Project.
Actions & Transactions, Jan. 26
By
Kathleen Steele Gaivin
Jan 26, 2024
SG Holdings completes leasing at $350M of mixed-use development in Miami, with 578 units of affordable senior housing … Developer converts former Bellwood, IL, Walgreens into affordable senior housing...
Illinois’ first and oldest nonprofit will use $14M gift to serve ‘forgotten middle’ in senior care
By
Kathleen Steele Gaivin
Dec 08, 2023
The Chicago Scots, Illinois’ first and oldest nonprofit organization, received a foundational gift of $14 million from the Negaunee Foundation. This is the largest donation in the Chicago Scots 178-year...
Center aims to help in recruiting, retention, training direct care workforce
By
Kathleen Steele Gaivin
Mar 04, 2024
States will be able to improve their systems for recruiting and retention of direct care workers via technical assistance from the National Council on Aging’s Direct Care Workforce Strategies Center.
Business briefs, June 14
By
Kathleen Steele Gaivin
Jun 14, 2022
Peconic Landing marks 20th anniversary with new projects … CareTrust REIT rings NYSE bell … Friday is nomination deadline for LeadingAge annual awards … Fitch Ratings affirms Marquette Manorat BBB;...
Employer-based treatment programs could reduce absenteeism, be ‘powerful ally’ against substance...
By
Kathleen Steele Gaivin
Dec 07, 2022
ho use opioids and other substances are more likely to miss work. Employers that promote employee treatment programs are able to reduce absenteeism, according to a recent Boston University study.
Federal government to investigate private equity’s influence on nursing homes, HCBS, home health
By
Kathleen Steele Gaivin
Mar 07, 2024
The Justice Department, Federal Trade Commission and Health and Human Services Department have announced plans to jointly investigate private equity’s influence on healthcare.
Business briefs, Aug. 24
By
Kathleen Steele Gaivin
Aug 24, 2021
Pandemic persists in nursing homes with low vax rates; case counts rising, NIC analyst says … Brookdale launches video series on COVID-19 safety … Life plan community celebrates silver anniversary...
Actions & Transactions, July 27
By
Kathleen Steele Gaivin
Jul 27, 2021
SMF completes $10.814M refinancing for Metairie Manor in Louisiana … Former elementary school turned senior housing garners $6M in tax credits over 10 years … JCH negotiates $200,000 per bed lease...