Brookdale Senior Living occupancy reaches new high since start of recovery
By
Kathleen Steele Gaivin
Sep 12, 2024
Brookdale Senior Living announced Tuesday that average weighted occupancy for August increased 30 basis points sequentially to 78.9%. That’s a new high since the post-pandemic recovery began in March...
Fed chair signals possible rate cut ahead of September meeting
By
Kathleen Steele Gaivin
Aug 26, 2024
Lower federal interest rates could be coming as soon as next month, although Federal Reserve Chair Jerome Powell declined to commit to an exact date when speaking Friday at an economic symposium in Jackson...
New federal staffing mandate poses greater challenge in some states, Altarum reports
By
Kathleen Steele Gaivin
Aug 26, 2024
Staffing challenges have been prevalent in nursing care since the pandemic, and a federal minimum staffing rule coming down the pike could have a negative impact on some facilities. A recently published...
Ventas selects Sunrise Senior Living to manage Battery Park IL
By
Kathleen Steele Gaivin
Aug 20, 2024
Ventas has selected McLean, VA-based Sunrise Senior Living to manage its Battery Park independent living high-rise community in lower Manhattan. Sunrise will manage the property as it undergoes renovations...
Senior living construction booms 11 percent, fueled by surging demand
By
Kathleen Steele Gaivin
Aug 21, 2024
Senior living construction has surged 11% since last summer, with public sector projects outpacing the private sector in the first half of the year.
Business briefs, Aug. 16
By
Kathleen Steele Gaivin
Aug 16, 2024
Texas adds pressure with lawsuit against nursing home staffing mandate ‘power grab’ … Unemployment claims drop by 7,000 week over week: BLS … ‘Alarming’ legal opinion could be ‘detrimental’...
Court cites Civil War-era statute in decision that could lead to lawsuits against companies that hire...
By
Kathleen Steele Gaivin
Aug 14, 2024
A recent federal appeals court ruling could result in more discrimination lawsuits filed by US citizens against companies that hire holders of temporary visas, according to one attorney.
Construction costs begin to settle as potential federal rate cut looms
By
Kathleen Steele Gaivin
Aug 16, 2024
Construction materials and labor costs have begun to settle down this summer, according to a market report from The Weitz Co.
National Healthcare Corp., Brookdale report second-quarter results
By
Kathleen Steele Gaivin
Aug 12, 2024
Brookdale Senior Living held a second-quarter earnings call Friday morning, and National Healthcare Corp. reported second-quarter financials electronically.
Senior living and care represented among Inc. 5000 fastest-growing private companies
By
Kathleen Steele Gaivin
Aug 14, 2024
Numerous senior living and care-related companies made the 2024 Inc. 5000 list of America’s fastest-growing private companies, released Tuesday.