Halfway through the year, the long-term care sector “continue[s] to see record-level activity and organizations exploring the benefits of a potential affiliation with another not-for-profit, as well...
OPI closes $30.7 million mortgage loan for Diversified Healthcare Trust merger
By
Kathleen Steele Gaivin
May 30, 2023
Newton, MA-based Office Properties Income Trust has begun implementing its financing strategy for its merger with Diversified Healthcare Trust, the real estate investment trust announced Friday. OPI has...
Ensign first-quarter results ‘particularly impressive,’ CEO says
By
Kathleen Steele Gaivin
Apr 28, 2023
The Ensign Group’s “locally driven strategy led to improvement in occupancies, skilled revenue, skilled days and managed care revenues,” CEO Barry Port said during Thursday’s earnings call. “The...
Most think caregivers have ‘no promising way to develop or ascend’ career ladder, survey finds
By
Kathleen Steele Gaivin
Apr 26, 2023
Most Americans do not view a caregiving career as a path to personal fulfillment, according to a report from the nonprofit think tank FrameWorks Institute.
Providers need ‘meaningful aid,’ groups say as president unveils executive order
By
Kathleen Steele Gaivin
Apr 19, 2023
Building a pipeline of professional caregivers and then retaining them in long-term care are some of the goals of an executive order signed Tuesday by President Biden. Provider groups responded by calling...
Unfair labor practices charge filings, union petitions up from last year
By
Kathleen Steele Gaivin
Apr 11, 2023
Unfair labor practice charges and union representation petitions are on the rise, according to the National Labor Relations Board.
75 percent of Invesque properties now senior living, CEO says
By
Kathleen Steele Gaivin
Mar 17, 2023
Seventy-five percent of Invesque’s properties as of the end of 2022 are senior living communities — independent living, assisted living and memory care, Chairman and CEO Scott White said Thursday during...
Proposed legislation would restore worker tax cuts, support unionization efforts
By
Kathleen Steele Gaivin
Mar 13, 2023
Democrat senators introduced two bills Thursday that they claim will make the tax code fairer for workers. The bills aim to ease workers’ tax burden and crack down on corporate anti-union practices
Senior living and care pricing could decrease due to cap rates, operating expenses: survey
By
Kathleen Steele Gaivin
Mar 08, 2023
If not offset by record-setting rental rate growth, expected capitalization rate expansion and rising operating expenses could lead to a decrease in senior living and care pricing this year. That’s according...
Good Sam, Ebenezer parents’ merger faces new challenge from healthcare union
By
Kathleen Steele Gaivin
Mar 07, 2023
A planned merger between the parent companies of the Evangelical Lutheran Good Samaritan Society and Ebenezer Senior Living, which seemed all but certain a few months ago, is facing mounting challenges...