Invesque amends corporate credit facility; executes memorandum of understanding with SymCare … Pandemic’s costs to senior living on track to reach $17 billion: ASHA … Nursing homes are in era of...
Business briefs, July 2
By
Kathleen Steele Gaivin
Jul 02, 2021
Brookdale, LCS, Holiday retain Big 3 status on 2021 list of 150 largest senior living providers … Connecticut’s new ‘granny cam’ law bars residents from using tech for covert monitoring … LTC...
Worker shortage leads to move-in freezes, visitation limits at some long-term facilities
By
Kathleen Steele Gaivin
Jun 01, 2021
Pandemic burnout coupled with competition from government unemployment benefits are being linked to staffing shortages across the country. In long-term care, the employee shortage is a top concern after...
Recovery ‘very strong’ in senior housing investment, development, expert says
By
Kathleen Steele Gaivin
Oct 22, 2021
Senior housing’s recovery, both in recovering and occupancy, is “a lot to be optimistic about,” Byron Carlock, real estate leader at PricewaterhouseCoopers, told the McKnight’s Business Daily.
State allocates $1B+ for assistance to Medicaid, other program beneficiaries
By
Kathleen Steele Gaivin
Aug 17, 2022
Georgia Gov. Brian P. Kemp (R) has set aside more than $1 billion for the state Department of Human Services to provide cash assistance of up to $350 per active enrollee in Medicaid, Supplemental Nutrition...
Long-term demand, increased investor interest expected to boost senior living this year: JLL
By
Kathleen Steele Gaivin
Apr 01, 2022
The senior housing sector is recovering from pandemic-related disruption, backed by strong long-term demand and increased investor interest, according to the results of a JLL survey published Thursday.
Skilled nursing finances ‘much worse’ than previously known: report
By
Kathleen Steele Gaivin
Mar 03, 2022
Skilled nursing finances are “much worse” than previously thought, according to a new report outlining the financial effects of the COVID-19 pandemic on the nation’s nursing homes, American Health...
More tech needed to plug long-term care ‘service gap,’ one industry expert says
By
Amy Novotney
Mar 02, 2021
The impending intersection of a growing older adult population and the ongoing inadequate number of caregivers employed to assist them makes it imperative that senior living and care operators continue...
Business briefs, May 25
By
Kathleen Steele Gaivin
May 25, 2021
Missouri lawmakers hurt long-term care by failing to approve Medicaid provider tax, tying anti-abortion add-on to legislation … Software company, web-based referral service launch platform to monitor,...
Nursing care prices increase 3.3% in January, but spending down 7.8%
By
Amy Novotney
Feb 23, 2021
National health spending on nursing care dropped 7.8% in 2020 compared with the previous year, according to a health sector economic indicator brief released Friday by nonprofit research and consulting...