Many operators have not sought PPP loan forgiveness: Ziegler
By
Amy Novotney
Aug 26, 2020
Many senior living recipients of Paycheck Protection Program loans have not filed applications for loan forgiveness, according to data compiled by specialty investment bank Ziegler.
Nursing homes previously sued for Medicare fraud received hundreds of millions in coronavirus relief...
By
Amy Novotney
Aug 05, 2020
For-profit nursing home operators that have faced accusations of Medicare fraud and kickbacks in recent years received more than $300 million in coronavirus relief payments, according to a Washington Post...
Operators need $100 billion to cover COVID costs, industry group says
By
Lois A. Bowers
Jul 22, 2020
Assisted living and skilled nursing providers need $100 billion from the Coronavirus Aid, Relief, and Economic Security Act Provider Relief Fund to cover the “enormous costs associated with protecting...
Senior living needs ‘substantial and immediate financial relief’ from COVID-19, leaders tell federal...
By
Lois A. Bowers
Jul 21, 2020
Senior living operators require “substantial and immediate financial relief” from expenses related to the COVID-19 pandemic, the leaders of four major associations representing operators of independent...
Occupancy numbers hit historic lows: NIC
By
John O'Connor
Jul 10, 2020
As the COVID-19 pandemic took hold in the second quarter, units in the senior living sector emptied out as never before. Occupancy levels declined by 2.8% to 84.9%, according to the National Investment...
SBA issues new guidance on PPP loan forgiveness
By
Amy Novotney
Jun 28, 2020
The Small Business Administration has issued new interim final rules for the Paycheck Protection Program Flexibility Act in an attempt to make complete loan forgiveness attainable for most borrowers.
Wisconsin nursing homes are closing at an unprecedented rate
By
Amy Novotney
Jun 09, 2020
Ryan Wernberg has lived in three different Wisconsin-based nursing homes in the past year. The moves haven’t been by choice — they’ve been the result of facility closings, according to an analysis...
Senior living inquiries, tours and move-ins still down, but trending upward
By
Kimberly Bonvissuto
Jun 05, 2020
Consumer inquiries, tours and move-ins to senior living communities still remain at lower levels than last year, but the industry generally is seeing encouraging signs as some COVID-19-related restrictions...
Seniors housing municipal bonds under distress due to COVID-19 costs
By
Amy Novotney
May 29, 2020
The coronavirus is pushing more continuing care retirement communities into financial upheaval and putting pressure on the municipal bonds that financed them, according to an article Wednesday in Bloomberg...
Small-business owners could face challenges related to PPP loan forgiveness
By
Amy Novotney
May 06, 2020
The Small Business Administration’s Paycheck Protection Program has been plagued by technical glitches and complaints of misallocated funds, but many experts say the biggest challenges may come when...