Motley Fool: Omega’s SNF-focused portfolio may buffer it from pandemic fallout — or will it?
By
Amy Novotney
Apr 24, 2020
Historically, investors have often viewed independent and assisted living communities — most often paid for out-of-pocket by residents — as safer bets than skilled nursing facilities, which generally...
This long-term care provider says no vaccine is required for new hires
By
Kathleen Steele Gaivin
Sep 28, 2021
Carefree Cottages, an independent and assisted living community in Maplewood, MN, decided to entice new workers by not requiring COVID-19 vaccination as a condition of employment.
More objections filed against Illinois CCRC bondholders bankruptcy plan
By
Amy Novotney
Jun 22, 2020
Additional objections have been filed against a Chapter 11 reorganization plan proposed by the majority bondholders for Barlett, IL-based continuing care retirement community Clare Oaks Senior Living.
50 National Guard members activated to help Utah LTC facilities, hospitals ease staffing shortages
By
Kathleen Steele Gaivin
Feb 03, 2022
The Utah National Guard’s COVID-19 Joint Task Force has activated approximately 50 service members statewide, according to Tuesday’s official statement from the National Guard. The move is meant to...
Competition drives Medicare Advantage plans to expand nonmonetary benefits, which can save LTC providers...
By
Kathleen Steele Gaivin
Jan 21, 2022
The number of Medicare Advantage insurers has doubled over the past year, leading to expanded coverage beyond medical needs, according to a report released Wednesday from ATI Advisory. The nonmonetary...
Long-term care operators wait as CNA candidates encounter exam issues in PA
By
Kathleen Steele Gaivin
Jun 23, 2022
Prospective certified nurse aides in Pennsylvania are coming up against long wait times to schedule licensing testing and are giving up on employment in healthcare, state lawmakers were told at a public...
CMS may announce cuts to Medicare Part B therapy services soon: NASL executive director
By
Liza Berger
Nov 24, 2020
There may be more awaiting long-term care providers this week than meals of turkey, stuffing and mashed potatoes. The Centers for Medicare & Medicaid Services may release its final rule regarding cuts...
HHS announces $20 billion in new COVID-19 relief funding; Assisted living eligible
By
Kimberly Bonvissuto
Oct 02, 2020
The federal government on Thursday announced $20 billion in new funding for assisted living communities and other providers on the frontlines of the coronavirus pandemic. Providers can start applying on...
ProMedica’s senior care division reports $93.1 million in losses for fourth quarter
By
Kathleen Steele Gaivin
Mar 15, 2022
Toledo-Ohio ProMedica’s senior care division generated an operating loss of $93.1 million for the fourth quarter of 2021, compared with the division’s operating loss of $43.5 million for the prior...
As legal issues mount, nursing home operator asks court to dismiss class action lawsuit
By
Kathleen Steele Gaivin
Nov 16, 2021
The owner of seven Louisiana nursing homes embroiled in a class action lawsuit filed a motion in federal court Friday asking the court to di