Seniors housing municipal bonds under distress due to COVID-19 costs
By
Amy Novotney
May 29, 2020
The coronavirus is pushing more continuing care retirement communities into financial upheaval and putting pressure on the municipal bonds that financed them, according to an article Wednesday in Bloomberg...
DOJ appeals court-ordered temporary stay of OSHA vaccine rule
By
Kathleen Steele Gaivin
Nov 11, 2021
After a three-judge panel on the Fifth Circuit Court of Appeals temporarily blocked the Biden administration’s new mandatory vaccination rules Saturday, the Department of Justice responded late Monday,...
Florida extends protection against COVID-19 legal claims for another year
By
Kathleen Steele Gaivin
Feb 28, 2022
Long-term care and other healthcare providers will be protected against COVID-19-related legal claims until June 1, 2023, under a bill signed into law Thursday by Florida Gov. Ron DeSantis (R).
Increase in vaccinations likely behind acceleration in senior living move-ins: NIC
By
Amy Novotney
Jan 29, 2021
The pace of move-ins over the past 30 days has ticked up within independent living, assisted living and memory care units, according to data collected from the most recent Executive Survey conducted by...
Senior living industry breathes sigh of relief over Provider Relief monies, asks HHS to pay up
By
Kimberly Bonvissuto
Kathleen Steele Gaivin
Aug 12, 2021
With Senate passage of the $1 trillion bipartisan infrastructure deal on Tuesday, the senior living industry is breathing a sigh of relief that Provider Relief Funds emerged unscathed.
‘Ugly period’ of pandemic is over, but ‘COVID hangovers’ will persist: panelists
By
Kimberly Bonvissuto
Oct 05, 2020
The “ugly period” of the COVID-19 pandemic is behind the senior living industry, but a couple of “COVID hangovers” will persist moving forward, according to industry experts participating in a...
Court precedents support Biden’s vaccine mandate for workers, experts say
By
Kathleen Steele Gaivin
Sep 28, 2021
The Republican National Committee and 24 state attorneys general have threatened to sue the Biden administration over the forthcoming COVID-19 vaccine mandate, but experts say legal precedent could be...
Operators have ‘heavy lifting’ to do to regain consumer confidence in wake of pandemic, experts say
By
Kimberly Bonvissuto
Apr 24, 2020
The COVID-19 pandemic has created challenges and shaken consumer confidence in the senior living industry. Operators will need to do some “heavy lifting” in its wake, according to one senior living...
SBA clarifies how to handle outstanding PPP loans amidst mergers and acquisitions
By
Amy Novotney
Oct 09, 2020
As merger and acquisition activity continues to pick up within senior housing after a significant drop-off during the COVID-19 pandemic’s earliest days, some buyers and sellers have been struggling with...
LTC Properties’ FFO, revenue down due to $5.5M Genesis write-off, decreased and deferred rent from...
By
Amy Novotney
Nov 02, 2020
Similar to real estate investment trusts Omega and Welltower, Westlake Village, CA-based LTC Properties announced a third quarter write-off in straight-line rent receivable balances as a result of going...