AlerisLife plans $14 million in cost cuts, $4 million in investments
By
Lois A. Bowers
Aug 05, 2022
Newton, MA-based AlerisLife will reduce costs by approximately $14 million and invest approximately $4 million under recommendations made by a consulting firm it hired, to “drive efficiencies and standardize...
Diversified Healthcare Trust senior living portfolio on path to stabilization: CEO
By
Kimberly Bonvissuto
Aug 05, 2022
Diversified Healthcare Trust’s second-quarter results showed continued and encouraging recovery for the senior living portfolio, President and CEO Jennifer Francis said during Thursday’s earnings call.
Occupancy and profitability recovery a mixed bag for senior living: panel
By
Kimberly Bonvissuto
Aug 04, 2022
Senior living occupancy and profitability recovery have shown mixed results since the pandemic hit, said a panel of experts during an Argentum webinar Wednesday.
With worst of pandemic in rearview mirror, LTC focuses on growth: CEO
By
Kimberly Bonvissuto
Aug 01, 2022
Confident that much of the “angst” that LTC Properties experienced during the pandemic is now “in the rearview mirror,” Wendy Simpson, chairman and CEO of the Westlake Village, CA, real estate...
Insurance premiums rise for senior living operators due to pandemic: NIC
By
Kimberly Bonvissuto
Jul 29, 2022
Professional liability and property insurance premiums for senior living operators are increasing thanks to COVID-19, according to the results of a new National Investment Center for Seniors Housing &...
Collaborative seeks to ‘fuel robust dialogue’ affecting costs of aging in US
By
Kimberly Bonvissuto
Jul 28, 2022
A national collaborative is advocating for the adoption of the Elder Index to better understand the true costs of aging in the United States and to prompt policies to improve standard-of-living measures.
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.
Pennsylvania budget delivers ‘lifeline’ of $46.7 million to assisted living providers
By
Kimberly Bonvissuto
Jul 12, 2022
Pennsylvania is delivering an “immediate lifeline” to assisted living and other long-term care providers with a $515 million “historical commitment” to the sectors, according to industry advocates....
More news for Tuesday, July 12
By
Kimberly Bonvissuto
Jul 12, 2022
HUD service coordinator grants delayed until August … Senior living owner settles federal ADA complaint over sign language services … Former assisted living director admits to stealing $16K from community...
Senior living occupancy up for fourth consecutive quarter: NIC
By
Kimberly Bonvissuto
Jul 07, 2022
Senior living (independent living and assisted living combined) occupancy in the second quarter increased for the fourth quarter in a row, a positive sign for sector recovery, the National Investment Center...