Scaled down HEROES Act relief bill maintains key provisions for senior living
By
Kimberly Bonvissuto
Oct 01, 2020
An updated version of the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act released Monday by House Democrats in an effort to restart negotiations maintains some key provisions that...
‘Out of control’: Panelists share frustrations, solutions to managing cash flow during pandemic
By
Kimberly Bonvissuto
Sep 24, 2020
The global coronavirus pandemic has created a “tsunami” of decreasing occupancy, coupled with increasing costs related to personal protective equipment and labor, to create an operating environment...
What to look for in equipment partners as you clean house
By
Ryan Bullock
Sep 24, 2020
Equipment can be one of the leading and most necessary expenses for senior living communities and networks, so logically, partnerships with providers of durable medical equipment will be examined very...
COVID-19 will drive innovation in senior living development: survey
By
Kimberly Bonvissuto
Sep 22, 2020
Creativity in design, financing, construction, operations and marketing is imperative to the senior living industry moving forward post-COVID-19, according to the results of a survey of for-profit senior...
Georgia Legislature blocks ‘granny cam’ legislation; industry reps raised concerns
By
Kimberly Bonvissuto
Sep 15, 2020
A bill that would allow residents of assisted living communities and personal care homes to install electronic monitoring equipment in their rooms has been blocked by the Georgia General Assembly, according...
41% don’t trust assisted living, nursing homes to keep residents safe during pandemic: survey
By
Kimberly Bonvissuto
Sep 11, 2020
Forty-one percent of participants in a new survey said they don’t trust assisted living communities and nursing homes to keep older adults safe amid the coronavirus pandemic.
Beware of compliance obligations when accepting provider relief funds, attorney says
By
Kimberly Bonvissuto
Sep 10, 2020
The federal government answered the call for relief earlier this month when it deemed that assisted living providers now are eligible for provider relief funds. But that relief comes with some pretty significant...
Occupancy, operator fundamentals biggest variable when it comes to accessing capital: Marcus & Millichap
By
Amy Novotney
Sep 09, 2020
Capital costs are being driven by two factors. One is pandemic-related occupancy losses. The other is property characteristics. That’s according to Andrew Van Zee, an investment broker with the Knapp...
Senior living’s slide into the welfare class
By
John O'Connor
Sep 03, 2020
The push for support for assisted living from Uncle Sam is intensifying. But as any skilled care operator will remind you, Uncle Sam tends to be a very demanding business partner.
Pandemic-related fiscal woes to continue: report
By
Amy Novotney
Aug 27, 2020
The healthcare industry — and senior housing in particular — will see continued distress as a result of the COVID-19 pandemic, according to a report released Wednesday by Polsinelli, a law firm.