Genesis announces restructuring, voluntarily delists from NYSE
By
Amy Novotney
Mar 04, 2021
Genesis HealthCare will institute a three-part plan to improve its financial metrics and cut debt by $236 million, the company announced Wednesday. The plan includes a voluntary delisting from the New...
More tech needed to plug long-term care ‘service gap,’ one industry expert says
By
Amy Novotney
Mar 02, 2021
The impending intersection of a growing older adult population and the ongoing inadequate number of caregivers employed to assist them makes it imperative that senior living and care operators continue...
Nursing care prices increase 3.3% in January, but spending down 7.8%
By
Amy Novotney
Feb 23, 2021
National health spending on nursing care dropped 7.8% in 2020 compared with the previous year, according to a health sector economic indicator brief released Friday by nonprofit research and consulting...
Senior living operators now often dedicating entire roles to strategy, business development: Ziegler
By
Amy Novotney
Feb 22, 2021
Over the past several years, several senior living operators have chosen to dedicate an entire employment role to strategy and business development, according to a new survey by specialty investment bank...
Lenders still bullish on senior housing; expect 2022 to be more borrower-friendly
By
Amy Novotney
Feb 11, 2021
The senior housing financing markets have evolved over the course of the pandemic — as lenders and owners both adapted in real-time — to unprecedented asset level revenue declines exacerbated by operating...
Ensign Group has another record quarter, despite ongoing pandemic
By
Amy Novotney
Feb 05, 2021
The Ensign Group announced record operating results for the fourth quarter, reporting diluted earnings per share of 82 cents and $3.06 for the quarter and year, respectively.
Aegis, Blue Moon launch second joint venture to acquire 10-community, $350M senior living portfolio from...
By
Amy Novotney
Jan 13, 2021
Aegis Living and senior housing private equity investor Blue Moon Capital Partners entered a second joint venture Tuesday with the acquisition of 10 communities across California, Washington and Nevada...
Pandemic drives senior living occupancy to record lows
By
Lois A. Bowers
Jan 08, 2021
The coronavirus pandemic continues to negatively affect occupancy in senior living, with percentages released Thursday by the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service...
Time is now for coordinating employee vaccine process: workplace safety expert
By
Amy Novotney
Dec 08, 2020
Whether long-term care operators will mandate that their employees get a COVID-19 vaccine once one is available has been a topic of much discussion over the past several weeks.
Business briefs for Friday, Nov. 13
Nov 13, 2020
Invesque amends corporate credit facility; executes memorandum of understanding with SymCare … Pandemic’s costs to senior living on track to reach $17 billion: ASHA … Nursing homes are in era of...