40 percent of senior living operators have eased pandemic-related restrictions or will soon: Ziegler...
By
Kimberly Bonvissuto
May 29, 2020
Virtually all senior living providers have been affected in some way by the COVID-19 pandemic, according to the results of a Ziegler CFO Hotline survey released Thursday.
New technology aims to improve quality of life for socially isolated older adults during COVID-19 pandemic
By
Kimberly Bonvissuto
May 27, 2020
New technology is breaking up the monotony of social distancing during the COVID-19 pandemic, providing entertainment and improving quality of life in the process.
Assisted living ‘ignored’ in COVID-19 discussions, expert tells Senate Aging Committee
By
Lois A. Bowers
May 22, 2020
Although assisted living communities are home to residents who “are completely just as vulnerable” as nursing home residents to COVID-19, “we sort of tend to ignore them in these situations” because...
Belmont Senior Living president: Operating costs triple when facility has a positive case of COVID-19
By
Amy Novotney
May 22, 2020
A positive case of COVID-19 can more than triple a senior living operator’s equipment costs to prevent the virus’ spread, according to Belmont Village Senior Living President Mercedes Kerr. Kerr joined...
Capital Senior Living: COVID-19 effects ‘raise substantial doubt’ about future
By
Lois A. Bowers
May 21, 2020
COVID-19’s negative effects on occupancy, revenues and expenses “raise substantial doubt about the company’s ability to continue as a going concern,” Capital Senior Living said Thursday in a press...
Rule clarifies compensation for employees who work untraditional hours
By
Kimberly Bonvissuto
May 21, 2020
Employers can now offer bonuses or other incentive-based pay to employees whose hours vary from week to week, under a final rule announced by the U.S. Department of Labor’s Wage and Hour Division.
Giving their regards
By
Lois A. Bowers
May 20, 2020
It’s not every day that four Broadway stars take requests from older adults, sing show tunes and pay tribute to long-term care workers, all in one performance. Especially during a pandemic. But that’s...
Google pilots Nest Hub Max features at Merrill Gardens senior living communities
By
Kimberly Bonvissuto
May 20, 2020
Residents in seven Merrill Gardens Senior Living communities in Washington state are connecting with friends and family during the pandemic with a donation of 1,000 Google Nest Hub Max devices.
Bondholders for Illinois CCRC file Chapter 11 plan of reorganization, suggest change to resident agreements
By
Amy Novotney
May 20, 2020
Bondholders Lapis Advisers LP and Amundi Pioneer Asset Management have filed a Chapter 11 plan of reorganization and disclosure statement for Bartlett, IL-based continuing care retirement community Clare...
Scenario planning is a powerful financial tool for senior living operators: Mace
By
Amy Novotney
May 19, 2020
The end of the coronavirus continues to be difficult to predict, but in the meantime, operators, investors and lenders can take contingency planning steps to address the myriad paths that may unfold, advises...