Operator to spend $2.5 million to raise minimum wage, adjust pay for others at its communities
By
Kathleen Steele Gaivin
Nov 29, 2021
Richamond, VA-based Pinnacle Living expects to spend $2.5 million on an initiative that will see the minimum starting wage increase to $15 and wages adjusted for other employees at its retirement communities,...
Welltower loses bid to purchase Healthcare Realty
By
Kathleen Steele Gaivin
Jul 19, 2022
Months after Toledo, OH-based Welltower’s nearly $5 billion all-cash bid to purchase Healthcare Realty, Healthcare Realty shareholders on Friday approved a merger with Scottsdale, AZ-based Healthcare...
Despite occupancy improvements, near-term outlook still ‘highly unpredictable’: Welltower
By
Amy Novotney
Apr 30, 2021
Following the rapid distribution and high acceptance rate of COVID-19 vaccinations by residents within assisted living and memory care communities in the United States and United Kingdom, Welltower’s...
Brookdale sees 10 months of occupancy growth, sets labor, occupancy goals for 2022
By
Lois A. Bowers
Feb 16, 2022
Entering 2022 having experienced 10 months of sequential weighted average occupancy growth, Brentwood, TN-based Brookdale Senior Living has identified strategies to improve occupancy further as well as...
Capital Senior Living reports 78.2 percent occupancy for May
By
Kathleen Steele Gaivin
Jun 23, 2021
Capital Senior Living reported May occupancy of 78.2%, an increase of 294 basis points (2.94%) from the pandemic low average monthly occupancy of 75.3% in February.
Healthpeak Properties continues exit from senior housing with $249M in sales
By
Kathleen Steele Gaivin
Aug 05, 2021
As Healthpeak Properties continues to divest from the senior housing market except for continuing care retirement communities, the real estate investment trust closed on an additional $249 million in senior...
COVID blurs lines between sectors, holds lessons for operators: NIC panel
By
Kathleen Steele Gaivin
May 27, 2021
Some lines among skilled nursing facilities and assisted living, memory care and independent living communities have become blurred in the era of COVID-19, according to panelists at Wednesday’s Leadership...
Genesis Healthcare shares down 82% over five years
By
Amy Novotney
Mar 13, 2020
Investors who purchased Genesis HealthCare five years ago have seen their shares in the company fall by 82% during that time, according to an analysis posted Wednesday by Simply Wall St. The company’s...
Fragmented markets, small operators are challenges for NIC’s Actual Rates Initiative
By
Lois A. Bowers
Mar 05, 2020
SAN DIEGO — As the National Investment Center for Seniors Housing & Care seeks to expand its Actual Rates Initiative to 10 metro areas this year, a challenge continues to be incorporating data from a...
Restructuring pays off with limited long-term cash flow downside, Omega CEO says
By
Kathleen Steele Gaivin
Aug 03, 2022
Hunt Valley, MD-based Omega Healthcare Investors saw sequential improvement in both adjusted funds from operations and funds available for distribution during the second quarter, CEO Taylor Pickett said...