$1.6 million grant will help older workers train for CNA, other healthcare roles
By
Kathleen Steele Gaivin
Oct 11, 2023
The National Council on Aging has received a $1.6 million AmeriCorps Seniors grant to test a program to train adults aged 55 or more years to become certified nurse assistants, electrocardiogram technicians...
Millions of retirees return to work for financial, emotional reasons
By
Kathleen Steele Gaivin
Sep 20, 2023
Many Amerians who chose to retire for one reason or another during the pandemic have returned to the workforce, according to a new report from global investment management firm T. Rowe Price. They could...
Recession could exacerbate ‘deteriorating’ outlook for CCRCs: Fitch
By
Kathleen Steele Gaivin
Sep 19, 2023
A possible recession is looming around the corner and could spell trouble for continuing care retirement / life plan communities, according to a report released Monday by Fitch Ratings.
Business briefs, Sept. 14
By
Kathleen Steele Gaivin
Sep 14, 2023
Palace Group, Sinai Residences named 2023 Best Workplaces for Aging Services … First national directory of university-associated senior living communities launches … Maligned by ‘misperceptions’...
Third proxy advisory firm recommends against Diversified Healthcare Trust merger with OPI
By
Kathleen Steele Gaivin
Aug 23, 2023
Proxy advisory firm Egan-Jones on Monday joined ISS and Glass Lewis in recommending Diversified Healthcare Trust shareholders vote against a proposed merger with Office Properties Income Trust, which was...
Florida’s first LGBTQ+-centric assisted living community opens
By
Kathleen Steele Gaivin
Aug 17, 2023
The first assisted living community in Florida for lesbian, gay, bisexual and transgender older adults opened last month and welcomed its first resident. The Connie House ALF (TCH) in Boynton Beach, FL,...
Fishers, IN-based healthcare real estate company Invesque and Dallas-based senior living provider Sonida Senior Living held second-quarter earnings calls on Monday.
Home health, hospice M&A up 20 percent in second quarter
By
Kathleen Steele Gaivin
Jul 27, 2023
Home health and hospice mergers and acquisition activity increased by 20% in the second quarter over the first quarter, but deals were down 14% compared with the second quarter of 2022, according to recently...
CareTrust REIT closes $45M in senior living and care investments
By
Kathleen Steele Gaivin
Jul 06, 2023
CareTrust REIT has closed two separate transactions on the West Coast with an aggregate initial investment amount of approximately $45.2 million, the San Clemente, CA-based real estate investment trust...
Medical costs expected to increase 7 percent in 2024: survey
By
Kathleen Steele Gaivin
Jul 05, 2023
PwC’s Health Research Institute is projecting a 7% year-over-year medical cost increase in 2024. The projected medical cost trend in 2022 and 2023 was 5.5% and 6%, respectively.