‘Out of control’: Panelists share frustrations, solutions to managing cash flow during pandemic
By
Kimberly Bonvissuto
Sep 24, 2020
The global coronavirus pandemic has created a “tsunami” of decreasing occupancy, coupled with increasing costs related to personal protective equipment and labor, to create an operating environment...
Communities face potential investigation, legal action over $900 COVID-19 fee allegedly charged to residents
By
Kimberly Bonvissuto
Aug 28, 2020
The Michigan Attorney General’s office on Thursday issued a cease and desist letter to 11 senior living communities throughout the state’s Lower Peninsula, along with their parent and management companies,...
Half of assisted living providers are operating at a loss, unable to sustain operations another year:...
By
Kimberly Bonvissuto
Aug 20, 2020
Half of assisted living providers are operating at a loss, and 64% say they won’t be able to sustain operations for another year, according to survey results released Wednesday by the National Center...
Independent living model means lower occupancy losses, better financial performance during pandemic,...
By
Kimberly Bonvissuto
Aug 10, 2020
Although the COVID-19 pandemic continues to have a significant effect on the senior living industry, New Senior Investment Group’s independent living business model has meant lower occupancy losses,...
‘Tough operating environment’ means Healthpeak’s future growth is outside of senior housing, executives...
By
Kimberly Bonvissuto
Aug 06, 2020
The majority of Healthpeak Properties’ future growth will be in the life sciences and medical office buildings, and a potential exists that the real estate investment trust will reduce its investment...
Second defendant agrees to pay $2.25 million to settle fraud charges against long-term care investment...
By
Kimberly Bonvissuto
Jul 09, 2020
The second defendant in a scheme to defraud investors in the Orthodox Jewish community who invested in assisted living communities and nursing homes throughout the Midwest has settled his case with the...
Older adults concerned about retirements, look to alternatives to pad portfolios: surveys
By
Kimberly Bonvissuto
Jun 22, 2020
Amid the COVID-19 pandemic, U.S. adults are feeling regret over their lack of emergency and retirement savings and are concerned about their retirement, according to two recent surveys of older adults.
Report puts senior living on hot seat for requesting immunity from COVID-19 lawsuits
By
Kimberly Bonvissuto
Jun 12, 2020
Senior living and care providers found themselves on the hot seat with the release of a new report from a national consumer advocacy organization that has the support of a U.S. senator and takes several...
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...
40 percent of senior living operators have eased pandemic-related restrictions or will soon: Ziegler...
By
Kimberly Bonvissuto
May 29, 2020
Virtually all senior living providers have been affected in some way by the COVID-19 pandemic, according to the results of a Ziegler CFO Hotline survey released Thursday.