Holidays complicate pay calculations for employees taking FMLA leave
By
Kathleen Steele Gaivin
Jun 12, 2023
If an employee takes a full week of leave under the Family and Medical Leave Act during a week with a holiday, then the employee does not get additional pay for the holiday and must use a full week of...
Effects of SCOTUS ruling in Talevski case could reach far beyond nursing homes
By
Kimberly Marselas
Jun 09, 2023
Nursing homes under county or state control could see an explosion of lawsuits following a Thursday US Supreme Court ruling maintaining the right of nursing home residents and their survivors to sue in...
Senior living M and A drops in 1Q to lowest since 2021
By
Kathleen Steele Gaivin
Jun 08, 2023
Mergers and acquisition activity slowed to approximately 32 transactions per month in the first quarter of 2023. This marks the lowest M&A activity the senior living industry has seen since 2021, according...
Senior housing sector posts positive total return: NIC
By
Kathleen Steele Gaivin
Jun 07, 2023
The senior housing sector posted a total return of 0.11% in the first quarter, up from a decline of 0.88% total return in the previous quarter, according to a National Investment Center for Seniors Housing...
Skilled nursing occupancy dips: NIC
By
Kathleen Steele Gaivin
Jun 06, 2023
Occupancy decreased among skilled nursing facilities in March, after increasing for two months in a row, according to the National Investment Center for Seniors Housing & Care’s most recent skilled nursing...
False Claims Act ruling by High Court a ‘clear win’ for government, expert says
By
Kathleen Steele Gaivin
Jun 02, 2023
In a pair of consolidated cases, the Supreme Court unanimously ruled Thursday that liability in False Claims Act suits depends on whether the defendants believed that their claims were false, not on whether...
New Eskaton report blames SNFs for $28 million net loss in 2022
By
Kathleen Steele Gaivin
Jun 01, 2023
Eskaton ended 2022 with a $28 million net loss, and its skilled nursing properties largely are responsible, according to an independently audited financial report dated May 16.
OPI closes $30.7 million mortgage loan for Diversified Healthcare Trust merger
By
Kathleen Steele Gaivin
May 30, 2023
Newton, MA-based Office Properties Income Trust has begun implementing its financing strategy for its merger with Diversified Healthcare Trust, the real estate investment trust announced Friday. OPI has...
Nursing home, home health fast-growing health spending categories
By
Kathleen Steele Gaivin
May 26, 2023
Healthcare prices increased in April by 3.4% year over year despite slowing inflation, representing the fastest overall healthcare price growth since December 2007. That’s according to Altarum’s monthly...
Proposed merger ‘best path forward’ for DHC, REIT says, but shareholder group disagrees
By
Kathleen Steele Gaivin
May 24, 2023
The “inconsistent” performance of the senior housing properties in Diversified Healthcare Trust’s portfolio is one reason that the Newton, MA-based real estate investment trust’s previously announced...