CFO boosts interest in Invesque with stock pick-up
By
Kathleen Steele Gaivin
Apr 02, 2024
A company owned by Invesque’s chief financial officer has boosted the CFO’s financial interest in the real estate company with the acquisition of 16.98 million shares of stock common from insurance...
Not-for-profit senior living and care transitions set record in 2023: Ziegler
By
Kathleen Steele Gaivin
Nov 16, 2023
Transitions in ownership or sponsorship among not-for-profit senior living and care providers reached an all-time high in 2023, according to an update released this week from Ziegler.
FBI, Justice Department cracking down on PPP loan fraudsters
By
Kathleen Steele Gaivin
Mar 19, 2024
The FBI and Justice Department are reportedly ramping up investigations and prosecutions of companies believed to have fraudulently obtained Paycheck Protection Program loans during the pandemic.
Litigation-related expenses increasing for employers
By
Kathleen Steele Gaivin
Feb 08, 2024
Employers faced greater litigation — and higher related expenses — last year than the previous year and are likely to face similar issues this year, due to increased regulations, class action suits...
Rebound expected for M&A in senior living and care
By
Kathleen Steele Gaivin
Feb 28, 2024
Mergers and acquisitions activity in senior living and care faltered in 2023 for various economic reasons, but M&A is expected to rebound this year, according to the experts at accounting and consulting...
Unemployment rate dips to 3.7 percent in November
By
Kathleen Steele Gaivin
Dec 11, 2023
The national unemployment rate declined from 3.9% October to 3.7% in November, according to the monthly unemployment report from the Bureau of Labor Statistics.
Senior living and care among leaders in healthcare bankruptcies in 2023
By
Kathleen Steele Gaivin
Jan 26, 2024
Healthcare bankruptcies hit a record high last year, with long-term care second only to pharmaceutical companies in filings, according to a report published Thursday by healthcare restructuring advisory...
AG approves management transfer of 7 ProMedica SNFs to Providence Group
By
Kathleen Steele Gaivin
Nov 27, 2023
California Attorney General Rob Bonta (D) has given conditional approval to transfer management of seven skilled nursing facilities operated by Toledo, OH-based ProMedica to Providence Group, a California...
Americans would have difficulty paying for a year of long-term care: survey
By
Kathleen Steele Gaivin
Nov 22, 2023
The majority of adults say that it would be “impossible” or “very difficult” to pay for long-term care, according to the results of a survey by KFF, published last week.
2024 to be year of ‘extraordinary growth’ for Wellower, CEO says
By
Kathleen Steele Gaivin
Apr 15, 2024
2024 will be a year of “extraordinary growth” for Welltower, CEO Shankh Mitra predicted Friday in an annual report to investors.