Garden Spot Communities, Frederick Living announce affiliation, noting end of an era for industry
By
Lois A. Bowers
Sep 05, 2023
Two southeastern Pennsylvania senior living and care organizations on Friday announced their intentions to affiliate, saying the decision was driven by a belief that “the era of the single-site and small-system...
Welltower to develop ‘next generation’ of senior housing via UK joint venture
By
Lois A. Bowers
Feb 17, 2022
A new 50/50 joint venture will enable real estate investment trust Welltower and global investors Reuben Brothers “to generate significant future growth opportunities through the development of the next...
Search to move-in usually takes six months or less: research
By
Lois A. Bowers
Sep 17, 2021
The majority (78.7%) of those searching for a senior living community or skilled nursing facility for themselves or a family member to move into are looking to relocate to a community in six or fewer months,...
Siemens to acquire Brightly Software, formerly Dude Solutions, in $1.6 billion deal
By
Lois A. Bowers
Jun 28, 2022
Cary, NC-based Brightly Software, formerly known as Dude Solutions, will be acquired by Zug, Switzerland-based Siemens Smart Infrastructure in a $1.575 billion deal, plus earn-out, Siemens announced Monday.
Long-term care operator Diversicare to be acquired by DAC Acquisition
By
Lois A. Bowers
Aug 27, 2021
Brentwood, TN-based Diversicare Healthcare Services will be acquired by New York-based retirement assets manager DAC Acquisition, the company announced Friday morning. The transaction is expected to close...
U.S. assisted living charges range from $50,892 to $62,976 per year, on average: survey
By
Lois A. Bowers
Apr 03, 2020
Assisted living operators nationwide in 2019 charged average monthly prices from $4,241 for a studio apartment to $5,248 for a two-bedroom unit, but pricing varied greatly based on location, according...
NLRB: Not so fast ending dues checkoff when union contract expires
By
Lois A. Bowers
Oct 04, 2022
Employers may not unilaterally stop deducting union dues from employees’ paychecks after a labor contract expires, the National Labor Relations Board said in a decision issued Monday.
A final rule issued Tuesday by the Federal Trade Commission will prohibit employers across the country from using noncompete agreements in most instances.
Updated: Welltower to move 147 ProMedica SNFs to Integra Health JV; ProMedica to continue to operate...
By
Lois A. Bowers
Nov 07, 2022
Toledo, OH-based real estate investment trust Welltower will move 147 skilled nursing facilities currently operated by Toledo-based ProMedica Senior Care into a joint venture between Welltower and Integra...
COVID-19 public health emergency extended again
By
Lois A. Bowers
Jul 15, 2022
The federal public health emergency related to COVID-19 was renewed Friday “[a]s a result of the continued consequences” of the pandemic, the Department of Health and Human Services announced Friday.