More than 50% of the respondents to the 12th edition of CBRE’s “Seniors Housing & Care Investor Survey” expect capitalization rates to increase this year. That’s up from 27% in last year’s...
Medical costs expected to increase 7 percent in 2024: survey
By
Kathleen Steele Gaivin
Jul 05, 2023
PwC’s Health Research Institute is projecting a 7% year-over-year medical cost increase in 2024. The projected medical cost trend in 2022 and 2023 was 5.5% and 6%, respectively.
Capital markets continue to be challenged by inflation, interest rates
By
Kathleen Steele Gaivin
Jun 23, 2023
The capital markets landscape continued to face headwinds from persistent inflation and rising interest rates throughout the first half of 2023, Berkadia CEO Justin Wheeler said Wednesday during a webinar...
Pennant Group acquires home care, hospice companies in Idaho
By
Kathleen Steele Gaivin
Jun 21, 2023
Eagle, ID- based The Pennant Group has acquired Bluebird Home Health, Bluebird Hospice and Bluebird Home Care. The companies provide skilled home health, private duty and hospice services across Southwestern...
Business briefs, June 21
By
Kathleen Steele Gaivin
Jun 21, 2023
Senior housing real estate firm sued again for alleged housing discrimination … OSHA official shares top 10 violations in construction … As inflation begins to slow, experts question long-term sustainability
Fed ‘may have gone too far’ with rapid interest rate increases, expert says
By
Kathleen Steele Gaivin
Jun 14, 2023
A risk exists that the Federal Reserve “may have gone too far” with rapid interest rate increases over the past 14 months or so “and won’t know until they’ve gone farther,” Mary Ludgin, senior...
Wage inflation is a continued headwind for CCRCs, SNFs
By
Kathleen Steele Gaivin
Jun 13, 2023
Wage inflation remains a headwind continuing care retirement / life plan communities and skilled nursing facilities, according to Fitch Ratings in its latest about the sector
More than 60 percent of retirees wish they could get a ‘do-over’ in planning, survey finds
By
Kathleen Steele Gaivin
Jun 13, 2023
More than 60% of retirees would go back and plan differently for their retirement if they could, according to a survey by Lincoln Financial Group.
Senior living M and A drops in 1Q to lowest since 2021
By
Kathleen Steele Gaivin
Jun 08, 2023
Mergers and acquisition activity slowed to approximately 32 transactions per month in the first quarter of 2023. This marks the lowest M&A activity the senior living industry has seen since 2021, according...
Benefits associated with family care are in high demand: survey
By
Kathleen Steele Gaivin
Jun 08, 2023
Almost half of the 608 American workers surveyed by Alegeus said they spend most or all of the annual benefits associated with family care that their employers offer. Those benefits include elder care,...