USG, OZI partner to launch opportunity zone fund platform with plan to focus on senior living
By
Amy Novotney
Mar 09, 2021
Alternative investment firm USG Realty Capital and OZI Group, a sponsor of three opportunity zone funds, announced Monday that they have created a joint venture to launch an investor-directed, multi-asset...
Atria-owned Glennis Solutions acquires medication and care management software firm Vita-Stat
By
Amy Novotney
Mar 08, 2021
Atria Senior Living continued its move into tech services for the senior living industry on Friday, announcing the acquisition of medication and care management software company Vita-Stat.
Toledo, OH-based real estate investment trust Welltower announced Friday that occupancy within its seniors housing operating portfolio has fallen by 1.2% since March 27, declining from a rate of 85.4%...
Diversicare anticipates continued COVID-19 costs for 2021 but reports $1M in savings from Reliant deal
By
Amy Novotney
Mar 15, 2021
The COVID-19 pandemic led to an additional $32 million in healthcare-related expenses last year for Diversicare, and the Brentwood, TN-based skilled nursing operator expects 2021 will be another year of...
Kentucky SNFs expect to lose at least 11% of workforce due to vaccine mandate
By
Amy Novotney
Sep 07, 2021
Leaders from Kentucky’s long-term care industry implored state lawmakers Thursday to provide more support for its bruised and battered workforce.
CVS, Walgreens complete first round of SNF immunizations, doling out more than 3 million COVID-19 vaccines
By
Amy Novotney
Jan 26, 2021
In increasingly positive news for the senior living and care industries, CVS Health and Walgreens have completed the administration of the first round of COVID-19 vaccine doses to skilled nursing facilities...
LTC Properties reduces 2021 rent escalations, says acquisitions will make up difference
By
Amy Novotney
Dec 18, 2020
Real estate investment trust LTC Properties announced Thursday that the firm is reducing its 2021 rent escalations by 50% in the form of a rent credit to provide financial support to the majority of its...
Transparency and patience key during pandemic: NIC panelists
By
Amy Novotney
Mar 26, 2020
Patience and information sharing will be essential for senior living organizations hoping to survive this ongoing pandemic, so claimed panelists during a webinar Thursday focused on COVID-19 and financial...
Senior living industry entrepreneurs launch new wellness-centric senior living firm
By
Amy Novotney
Nov 20, 2020
A group of senior living industry entrepreneurs has launched what they term the “anti-traditional senior living company,” designed to better meet the needs of baby boomers.
Chicago-based Ventas slashed its quarterly dividend by 43% Friday, declaring a 45 cents per share second quarter dividend payable July 14. That’s down from the 79 cents per share payout a quarter earlier....