Nonprofit life plan community median rating remains at ‘BBB,’ though effects of COVID-19 still to...
By
Amy Novotney
Sep 02, 2020
The median rating for nonprofit life plan communities remains at ‘BBB,’ according to a report Tuesday from Fitch Ratings. However, this latest report only captures the first quarter of the year, the...
Skilled nursing, CCRC spending being driven to new heights — moderately: report
By
Emily Mongan
Jul 29, 2015
The rapid growth of America’s aging population will cause long-term care spending to continue to climb over the next 10 years, reaffirmed the latest Centers for Medicare & Medicaid Service’s...
CCRC files for Chapter 11 for third time in 9 years
By
Kathleen Steele Gaivin
Apr 27, 2023
A continuing care retirement / life plan community on Long Island filed for bankruptcy protection last month for the third time in nine years in the Bankruptcy Court for the Eastern District of New York.
Long-term care providers struggle with high unemployment compared with other healthcare settings: report
By
Kimberly Bonvissuto
Dec 15, 2021
Although employment at hospitals and physicians offices has returned to almost pre-pandemic levels, assisted living communities, life plan / continuing care retirement communities and nursing homes continue...
Defaulted hotel deals show potential for CCRC conversions: senior living experts
By
Amy Novotney
Jul 24, 2020
Amid the fallout from the pandemic, the seniors housing industry may find new development opportunities in defaulted hotel deals, according to panelists Thursday during an Urban Land Institute webinar.
Healthpeak closes on final $149 million of senior living dispositions
By
Kathleen Steele Gaivin
Nov 04, 2021
Healthpeak Properties has closed the final $149 million of its senior living community dispositions since August, bringing total sales proceeds to $4 billion since July 2020, CEO Thomas Herzog said during...
Court rules in favor of CCRC in class action entrance fee case alleging consumer fraud
By
Kimberly Bonvissuto
Jan 16, 2024
A provision in state law cited in a class action lawsuit against a continuing care retirement community only applies to food-related fraud and, therefore, cannot be used by residents and families to secure...
Most continuing care retirement / life plan communities maintained relatively high occupancy rates in the first quarter, with data showing a pattern of stronger occupancy growth in regions reporting smaller...
Inflation, staffing pose pressures for not-for-profit life plan communities: Fitch Ratings
By
Kathleen Steele Gaivin
Sep 29, 2022
The not-for-profit continuing care / life plan communities sector has “broadly recovered” from pandemic stressors, but challenges lie ahead. That’s according to a new report from Fitch Ratings.
Life plan community outlook ‘deteriorating’ in 2023: Fitch Ratings
By
Kathleen Steele Gaivin
Dec 07, 2022
The outlook for continuing care retirement / life plan communities is “deteriorating” due to continued labor challenges and a “softening broader economy.” That’s according to a newly released...