Fitch offers bleak outlook for life plan communities for 2024
By
Kathleen Steele Gaivin
Dec 05, 2023
Continuing care retirement / life plan communities are facing “fierce economic headwinds” heading into next year, according to a report released Monday by Fitch Rating
The Ensign Group, Healthpeak Properties and LTC Properties presented second-quarter earnings results on Friday.
Nursing homes miss out on workers as green card process slows
By
Kathleen Steele Gaivin
Jun 28, 2023
Nursing facilities have lost more than 200,000 nurses and aides since the start of the pandemic, according to federal labor statistics. Some say foreign nurses waiting in the wings to fill those vacant...
The National Labor Relations Board is making it “more difficult for companies to treat workers as independent contractors rather than employees, handing workers in the gig economy and other industries...
Welltower, PNC, Ortera pony up $690 million in financing for Santa Clara development
By
Kathleen Steele Gaivin
Aug 23, 2022
Through the combined backing of real estate investment trust Welltower, PNC Bank and Ortera Capital, Related California has secured $690 million in construction financing to jump start its development...
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...
Eskaton sells SNFs to Cypress for $35.6 million to focus on senior living, home care
By
Lois A. Bowers
Apr 10, 2023
Carmichael, CA-based provider Eskaton is selling its three stand-alone skilled nursing facilities for $35.6 million as part of a plan to “expand and enhance” the company’s offerings in independent...
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...