Labor challenges a continued sore spot for CCRCs, Fitch Ratings says
By
Kathleen Steele Gaivin
Jul 24, 2023
Labor challenges are a continued pain point for continuing care retirement / life plan communities, according to a recent report from Fitch Ratings.
Nursing care has fastest-growing prices of healthcare sectors
By
Kathleen Steele Gaivin
Jul 20, 2023
Prices for nursing home care grew the fastest in June among the major healthcare categories, at 6.2%. Prices for home healthcare increased by 4.4%.
Family caregivers have fewer assets, more debt issues than non-caregivers
By
Kathleen Steele Gaivin
Jul 19, 2023
Family caregivers are likely to have fewer assets and more problems with debt than non-caregivers, despite having similar levels of knowledge and preparation for retirement, according to a new report from...
Assisted living accounts for plurality of acquisitions in second quarter
By
Kimberly Bonvissuto
Jul 18, 2023
Assisted living accounted for 42% of the publicly announced senior living and care acquisitions in the second quarter, according to newly released data from LevinPro LTC. The percentage was equal to the...
Long-term care M&A activity increases to 110 deals in second quarter
By
Kathleen Steele Gaivin
Jul 18, 2023
The number of publicly announced senior living and skilled nursing-related mergers and acquisitions increased by 11% during the second quarter of the year, to 110 deals from 99 transactions in the first...
Remote, hybrid work schedules hurting long-term care recovery, experts say
By
Kathleen Steele Gaivin
Jul 17, 2023
The move toward remote and hybrid work during the pandemic is hurting the long-term care industry and continues to slow recovery, the Wall Street Journal reported.
Balancing costs, benefits a challenge in recruiting, retaining workers: survey
By
Kathleen Steele Gaivin
Jul 14, 2023
Battling increasing costs while investing in employee benefits often is a balancing act in the recruitment and retention of employees, according to the results of a survey from London-based global advisory,...
Inflation drops to lowest point in more than 2 years at 3 percent
By
Kathleen Steele Gaivin
Jul 14, 2023
At 3%, the inflation rate reached its lowest point last month since March 2021, according to the Bureau of Labor Statistics. That’s a full percentage point lower than the 4% reported in May.
20 months in a row of occupancy growth reported by Brookdale Senior Living
By
Kimberly Bonvissuto
Jul 13, 2023
A 160-basis-point increase in weighted average occupancy for June means Brookdale Senior Living has seen 20 consecutive months of year-over-year occupancy growth.
CCRC salaries soaring: Nurses still in hottest demand but raises for all moderating
By
James M. Berklan
Jul 11, 2023
Employees at continuing care retirement communities once again enjoyed healthy salary increases, but the fury of their rise tapered in 2023.