Remote, hybrid work schedules hurting long-term care recovery, experts say
By
Kathleen Steele Gaivin
Jul 17, 2023
The move toward remote and hybrid work during the pandemic is hurting the long-term care industry and continues to slow recovery, the Wall Street Journal reported.
Balancing costs, benefits a challenge in recruiting, retaining workers: survey
By
Kathleen Steele Gaivin
Jul 14, 2023
Battling increasing costs while investing in employee benefits often is a balancing act in the recruitment and retention of employees, according to the results of a survey from London-based global advisory,...
20 months in a row of occupancy growth reported by Brookdale Senior Living
By
Kimberly Bonvissuto
Jul 13, 2023
A 160-basis-point increase in weighted average occupancy for June means Brookdale Senior Living has seen 20 consecutive months of year-over-year occupancy growth.
CCRC salaries soaring: Nurses still in hottest demand but raises for all moderating
By
James M. Berklan
Jul 11, 2023
Employees at continuing care retirement communities once again enjoyed healthy salary increases, but the fury of their rise tapered in 2023.
Cap rates up except in skilled nursing
By
Kathleen Steele Gaivin
Jul 11, 2023
More than 50% of the respondents to the 12th edition of CBRE’s “Seniors Housing & Care Investor Survey” expect capitalization rates to increase this year. That’s up from 27% in last year’s...
Almost half of all baby boomer workers expect to work past 70 or not retire, survey finds
By
Max Bachmann
Jul 10, 2023
Baby boomers are the generation most cynical about retirement prospects, according to the Transamerica Center for Retirement Studies’ 23rd Annual Retirement Survey.
Sonida Senior Living takes steps to strengthen financial position as it plans for growth
By
Lois A. Bowers
Jul 06, 2023
Dallas-based Sonida Senior Living on Wednesday announced several steps that the company has taken or plans to take to try to improve its financial position and set itself up for growth.
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.
Pennant Group acquires home care, hospice companies in Idaho
By
Kathleen Steele Gaivin
Jun 21, 2023
Eagle, ID- based The Pennant Group has acquired Bluebird Home Health, Bluebird Hospice and Bluebird Home Care. The companies provide skilled home health, private duty and hospice services across Southwestern...
Business briefs, June 21
By
Kathleen Steele Gaivin
Jun 21, 2023
Senior housing real estate firm sued again for alleged housing discrimination … OSHA official shares top 10 violations in construction … As inflation begins to slow, experts question long-term sustainability