COVID-19 shouldn’t stop senior living operators from planning for the future: speakers
By
Amy Novotney
Nov 11, 2020
Shortly after the COVID-19 pandemic began, Asbury Communities President and CEO Doug Leidig knew he needed to abandon his firm’s current five-year strategic plan, which was supposed to be in place until...
After more than a decade of growth in the senior living industry, the pandemic brought significant losses. As the world transitions to a post-pandemic scenario, however, JLL Valuation Advisory anticipates...
Brookdale completes $100M refinancing, substantially prepays mortgages due in 2022
By
Kathleen Steele Gaivin
Dec 22, 2021
By taking on $100 million in mortgage debt, Brookdale Senior Living said Monday, it will substantially prepay debts scheduled to mature in 2022, saving millions of dollars in interest.
Expansion will proceed, despite COVID-19 challenges
By
Amy Novotney
Jul 30, 2020
Investment Banking firm HJ Sims recently announced the successful closure of $6.6 million in financing for pre-development capital toward the pursuit of an expansion at the Raleigh, NC-based life plan...
Vaccinate or get tested regularly: OMB signs off on OSHA’s vaccine mandate
By
Kathleen Steele Gaivin
Nov 02, 2021
The Occupational Health and Safety Administration’s much-anticipated vaccine mandate is expected to be published in the Federal Register as soon as Thursday, according to experts.
Workers could get 12 weeks of paid leave under Biden’s newly proposed American Families Plan
By
Amy Novotney
Apr 29, 2021
Senior living and care operators soon could be required to provide workers with 12 weeks of paid family and medical leave, thanks to President Joe Biden’s newly proposed American Families Plan.
Provider launches retention initiative to counter ‘Great Resignation’
By
Kathleen Steele Gaivin
Apr 14, 2022
Facing the same staffing challenges seen by long-term care providers and others around the country, Arlington Heights, IL-based Lutheran Life Communities has launched a “Great Retention Initiative”...
EEOC: Employers must accommodate religious objections to COVID vaccine mandates
By
Kathleen Steele Gaivin
Oct 27, 2021
Employers with COVID-19 vaccine mandates must accommodate workers’ “sincerely held religious beliefs, practices and observances” against such requirements unless doing so would create an “undue...
Pandemic deal-making has led to out-of-the-box financing strategies, investment group says
By
Amy Novotney
Feb 01, 2021
Closing transactions amid the COVID-19 pandemic has required some innovative financing strategies to create operational cash flow for senior living and care organizations, according to a white paper released...
Regional Health Properties experiences continued occupancy decreases, increased costs due to COVID-19
By
Amy Novotney
Aug 24, 2020
Regional Health Properties reported last week that the Suwanee, GA-based real estate investment trust had collected 85% of its expected monthly rental receipts from tenants through July, adding that the...