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
National health expenditures set to increase through 2031
Jun 16, 2023
An increase of 5.4% is projected per year, and expenditures are set to account for about 20% of GDP in 2031.
Fed ‘may have gone too far’ with rapid interest rate increases, expert says
By
Kathleen Steele Gaivin
Jun 14, 2023
A risk exists that the Federal Reserve “may have gone too far” with rapid interest rate increases over the past 14 months or so “and won’t know until they’ve gone farther,” Mary Ludgin, senior...
Pandemic challenges send large nonprofit CCRC into bankruptcy
By
Kimberly Bonvissuto
Jun 13, 2023
One of the nation’s largest nonprofit continuing care retirement communities is citing pandemic losses in filing for bankruptcy as the COVID-19 pandemic continues to have a ripple effect on the senior...
More than 60 percent of retirees wish they could get a ‘do-over’ in planning, survey finds
By
Kathleen Steele Gaivin
Jun 13, 2023
More than 60% of retirees would go back and plan differently for their retirement if they could, according to a survey by Lincoln Financial Group.
Brookdale Senior Living sees 19 straight months of occupancy growth
By
Kimberly Bonvissuto
Jun 12, 2023
Brookdale Senior Living achieved 19 consecutive months of year-over-year weighted average occupancy growth in May, the company announced in its most recent occupancy report.
RIP PRF: Debt ceiling deal effectively ends pandemic relief program with billions unspent
By
Kimberly Bonvissuto
Jun 09, 2023
The bipartisan debt ceiling deal has officially signaled the death knell for the Provider Relief Fund, with billions in funds that potentially could have assisted senior living and other long-term care...