Operators to ‘grapple’ with COVID-related issues for at least another year, Omega CEO predicts
By
Lois A. Bowers
Nov 04, 2022
Labor costs and inflation continue to affect senior living operators in Omega Healthcare Investors’ portfolio, executives said Thursday on the Hunt Valley, MD-based real estate investment trust’s third-quarter...
OSHA civil penalty amounts adjusted for 2024, effective today
By
Kathleen Steele Gaivin
Jan 16, 2024
Changes to Occupational Safety and Health Administration civil penalty amounts based on cost-of-living adjustments for 2024 went into effect today.
Ending, delaying retirement pondered by half of Americans in survey
By
Kathleen Steele Gaivin
Aug 24, 2023
Fifty percent of pre-retirees and retired workers are considering delaying or coming out of retirement, respectively, according to the results of a survey from F&G Annuities & Life.
Retirement planning, true life expectancy not on most adults’ radar, increasing the risk of outliving...
By
Kimberly Bonvissuto
Dec 07, 2023
With 10,000 Americans reaching retirement age every day, retirement planning should be top of mind for many prospective senior living residents. But two recent studies found long-term care planning isn’t...
3Q progress creates ‘strong setup’ for 2023: Welltower CEO
By
Kimberly Bonvissuto
Nov 09, 2022
Despite “flatish” earning trends, driven by headwinds including inflation, interest rates and utility expenses, Welltower CEO and Chief Investment Officer Shankh Mitra said he was pleased with the...
Annual nursing home, home healthcare spending more than double the recent rate of healthcare overall
By
Kathleen Steele Gaivin
Oct 25, 2022
Nursing home spending has increased 10.2% year over year; home healthcare, by 10.5%. released Friday. That’s nearly double the overall national health spending rate, which grew in August 2022 by 4.9%,...
Economy showing ‘nascent signs of softening,’ expert says, but mild recession may be on horizon
By
Kathleen Steele Gaivin
Dec 08, 2022
The consumer price index increased 7.7% from October 2021 to October 2022, marking the smallest 12-month advance since January.
Health/education sector adds 17,000 jobs in January
By
Kathleen Steele Gaivin
Feb 01, 2024
The health/education sector added 17,000 jobs in January, and median pay increased 5.9% for people who stayed in jobs in the sector, according to the ADP National Employment Report, released Wednesday.
Low-wage workers experience historically fast wage growth: report
By
Kathleen Steele Gaivin
May 01, 2023
Low-wage workers experienced wage growth of 9% between 2019 and 2022. That’s a historically fast real wage growth over the three-year span, especially in a period of economic inflation, according to...
Some independent living providers raise entrance fees by double digits
By
Kathleen Steele Gaivin
Apr 13, 2023
Some senior living providers are increasing entrance fees and monthly fees for their independent living residents. That’s according to the results of a new CFO Hotline survey by speciality investment...