LTC Properties, PruittHealth joint venture buys 3 Florida SNFs for $62 million
By
Kathleen Steele Gaivin
Sep 13, 2022
LTC Properties announced Monday a $62 million joint venture with Norcrorss, GA-based PruittHealth to buy three skilled nursing facilities in northern Florida. PruittHealth is a new partner for the Westlake...
Omega Healthcare Investors heads into 2024 on solid ground, CEO says
By
Kathleen Steele Gaivin
Feb 09, 2024
The most significant challenges of the post-pandemic period are behind Omega Healthcare Investors, CEO Taylor Pickett said in a press release issued in conjunction with Thursday’s fourth-quarter and...
Outlook for senior living and care ‘somewhat mixed,’ Ziegler predicts
By
Kathleen Steele Gaivin
Feb 15, 2024
This year’s economic challenges for senior living and care will be “somewhat mixed,” according to specialty investment bank Ziegler’s annual recap of the previous year and predictions for the year...
LTC Properties ready to ‘ramp up’ investment activity
By
Kathleen Steele Gaivin
Oct 31, 2022
LTC Properties expects to “ramp up” its investment activity over the next 12 to 24 months to “become even more competitive,” the Westlake Village, CA, real estate investment trust’s chairman...
New bill would overhaul nation’s workforce training and development system
By
Kathleen Steele Gaivin
Dec 12, 2023
Reps. Virginia Foxx (R-NC) and Bobby Scott (D-VA), chair and ranking member of the House Education and the Workforce Committee, respectively, recently introduced legislation aimed at overhauling the nation’s...
Senior living lending increases as investors adjust to changing capital market
By
Kathleen Steele Gaivin
Feb 23, 2024
The issuance of new permanent debt for senior living increased during the third quarter of 2023, according to a lending trends report released by NIC Analytics.
Insurance companies pocketing millions in overpayments through their Medicare Advantage subsidiaries,...
By
Kathleen Steele Gaivin
Nov 22, 2022
The Centers for Medicare & Medicaid Services released the results of 90 audits of Medicare Advantage plans. The federal audits discovered $12 million in net overpayments for the care of 18,090 patients...
Fitch says ratings changes could benefit SNF-heavy CCRCs
By
Kathleen Steele Gaivin
Mar 18, 2024
Fitch Ratings’ proposed changes to the way it rates not-for-profit continuing care retirement / life plan communities are designed to provide “much more transparency around [communities] that don’t...
Welltower exceeds $1 billion of annualized net operating income in senior living segment
By
Kathleen Steele Gaivin
Aug 02, 2023
Welltower’s senior living results for the second quarter exceeded expectations, CEO Shankh Mitra said Tuesday on the Toledo, OH-based real estate investment trust’s quarterly earnings call.
Trustwell much larger after adding 16 communities to portfolio
By
Kathleen Steele Gaivin
Jun 27, 2023
New York City-based Trustwell Living has added 16 assisted living and memory care communities to its holdings, greatly expanding its five-community portfolio to 21 communities.