Home health, hospice among top private equity healthcare acquisition targets
By
Kathleen Steele Gaivin
Feb 27, 2023
Private equity healthcare investments in 2022 were the second highest on record after 2021, in terms of disclosed deal value and deal count. Home health and hospice both made it into the top 15 categories...
Overtime rule sometimes applies to ‘highly paid’ workers, Supreme Court rules
By
Kathleen Steele Gaivin
Feb 24, 2023
The Supreme Court ruled Wednesday that, under certain circumstances, “highly paid” employees can be eligible for overtime pay if they are paid daily rather than on a salaried basis.
‘Two markets’ affecting senior living investments: NIC
By
Kathleen Steele Gaivin
Feb 22, 2023
“It’s a tale of two markets and many influencing factors as we move further into 2023,” National Investment Center for Seniors Housing & Care Chief Economist Beth Burnham Mace wrote Tuesday in a...
States, other countries offer insights into making long-term care more affordable: report
By
Kathleen Steele Gaivin
Feb 21, 2023
No single approach to long-term care financing is ideal, but “approaches from within the United States and abroad offer insights into how healthcare systems and payment models can be leveraged or expanded...
Closed new permanent loans for nursing homes fell by 37.6 percent in third quarter
By
Kathleen Steele Gaivin
Feb 10, 2023
New permanent loan volumes closed for nursing homes in the third quarter of 2022 were 47% less than the volume for senior living, according to a recent blog post from the National Investment Center for...
Workforce issues a theme of State of the Union address and industry reaction to it
By
Kathleen Steele Gaivin
Feb 09, 2023
Several workforce issues were part of President Biden’s State of the Union address on Tuesday — as well as long-term care industry reaction to the speech. The talk comes at a time when long-term care...
Nursing home sector’s economic recovery ‘in limbo,’ AHCA says
By
Kathleen Steele Gaivin
Feb 07, 2023
Economic recovery remains “in limbo” for the nursing home sector, especially as the public health emergency — and the funds that go along with it — is set to end this spring. That’s according...
FMLA ‘good for business,’ Biden says as act marks 30 years
By
Kathleen Steele Gaivin
Feb 06, 2023
The Family and Medical Leave Act has been good for US businesses, helping to stabilize the workforce and keep the country competitive, President Biden said last week in observing the act’s 30th anniversary.
Genesis Healthcare adds 38 former ProMedica SNFs to portfolio
By
Kathleen Steele Gaivin
Feb 01, 2023
Kennett Square, PA-based Genesis Healthcare is adding 34 nursing homes in Pennsylvania and four in Colorado, all formerly operated by Toledo, OH-based ProMedica Senior Care.
REIT ownership linked to decline in RN staffing, increases in LPN, CNA use
By
Kathleen Steele Gaivin
Jan 27, 2023
Nursing homes, after being purchased by a real estate investment trust, are likely to see increases in licensed practical nurse and certified nursing assistant staff hours per resident day of 2.15% and...