Buyers are bullish for skilled nursing, expert says
By
Kathleen Steele Gaivin
May 05, 2022
Even in today’s economy, buyers are bullish when it comes to investing in skilled nursing facilities, Jason Stroiman, president and founder of Chicago-based Evans Senior Investments, said Wednesday in...
What Brexit means to U.S. seniors housing
By
Lois A. Bowers
Jun 30, 2016
Beth Burnham Mace, chief economist for the National Investment Center for Seniors Housing & Care, explains the potential broad effects of the United Kingdom decision to leave the European Union and how...
Legislation proposes $5.5M in ARPA funds to boost assisted living workforce
By
Kathleen Steele Gaivin
Feb 25, 2022
The Nebraska Unicameral Legislature is considering legislation that would direct more than $5.5 million in American Rescue Plan Act funds to assisted living communities to promote employee recruitment...
U.S. Treasury task force: Federal government must educate public about LTC costs
By
Amy Novotney
Aug 17, 2020
The Treasury and other federal agencies should do a better job educating consumers about long-term care and the need to finance it. That’s according to a report released last week by the Federal Interagency...
CVS says long-term care business ‘on track’ despite operating income decrease
By
Lois A. Bowers
May 02, 2019
CVS continues to “work diligently in driving growth for the assisted living space” through its Omnicare long-term care pharmacy business, CVS President and CEO Larry Merlo said Wednesday during the...
Former American Senior Communities COO gets 57-month prison sentence
By
Lois A. Bowers
Jul 09, 2018
Former American Senior Communities Chief Operating Officer Daniel Benson was sentenced Friday to 57 months in federal prison for his role in a $19.4 million fraud, kickback and money-laundering scheme...
Former president of assisted living management company pleads guilty to $59 million check-kiting scheme
By
Kimberly Bonvissuto
Oct 26, 2020
The former head of a healthcare management company that operates assisted living communities pleaded guilty to bank fraud Tuesday for carrying out a $59 million check-kiting scheme on banks in two states.
New U.S. COVID-19 vaccinations climb for the longest stretch in months
Nov 05, 2021
At least some of the recent surge in first doses also could be from incorrectly reported booster shots, however.
Average senior housing and care capitalization rate falls below pre-pandemic average: CBRE
By
Kathleen Steele Gaivin
Apr 08, 2022
The average senior housing capitalization rate fell by 13 basis points year-over-year and is now below the first half of fiscal year 2020 pre-pandemic average. That’s according to the 11th edition of...
LeadingAge urges HUD to exempt senior housing funds from new ‘Buy America’ requirements
By
Alicia Lasek
Jul 19, 2022
Affordable housing funds must be excluded from a new federal requirement that will raise barriers to infrastructure projects key to senior housing, LeadingAge says.