Rebound expected for M&A in senior living and care
By
Kathleen Steele Gaivin
Feb 28, 2024
Mergers and acquisitions activity in senior living and care faltered in 2023 for various economic reasons, but M&A is expected to rebound this year, according to the experts at accounting and consulting...
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.
This senior living community has celebrity chef, restaurant open to public
By
Kathleen Steele Gaivin
Nov 17, 2022
When The Hacienda at Georgetown opens near Austin, TX, in early 2023, the amenities on the 13-acre campus will include fine-dining meals prepared by celebrity chef Stephan Pyles.
Second-quarter earnings calls continued Wednesday with updates from Welltower and Invesque.
Kandu / Bloom divest of skilled nursing facilities to focus on senior living
By
Kathleen Steele Gaivin
Mar 28, 2023
Birmingham, MI-based Bloom Senior Living and Kandu Capital have extricated themselves from their skilled nursing facilities and mental health / psychiatric facilities to focus on their portfolio of independent...
Unemployment rate dips to 3.7 percent in November
By
Kathleen Steele Gaivin
Dec 11, 2023
The national unemployment rate declined from 3.9% October to 3.7% in November, according to the monthly unemployment report from the Bureau of Labor Statistics.
RN training would receive $1.2 billion boost under Senate bill
By
Kathleen Steele Gaivin
Sep 18, 2023
Community colleges and universities would receive $1.2 billion in grants to boost the number of students enrolled in accredited, two-year registered nursing programs if a bill introduced into the Senate...
Senior living and care among leaders in healthcare bankruptcies in 2023
By
Kathleen Steele Gaivin
Jan 26, 2024
Healthcare bankruptcies hit a record high last year, with long-term care second only to pharmaceutical companies in filings, according to a report published Thursday by healthcare restructuring advisory...
AG approves management transfer of 7 ProMedica SNFs to Providence Group
By
Kathleen Steele Gaivin
Nov 27, 2023
California Attorney General Rob Bonta (D) has given conditional approval to transfer management of seven skilled nursing facilities operated by Toledo, OH-based ProMedica to Providence Group, a California...
Americans would have difficulty paying for a year of long-term care: survey
By
Kathleen Steele Gaivin
Nov 22, 2023
The majority of adults say that it would be “impossible” or “very difficult” to pay for long-term care, according to the results of a survey by KFF, published last week.