Five hundred Christian Living Community residents, employees and family members recently pulled on their tennis shoes and hiking boots to see whether they could walk from New York City to San Diego —...
Money for the asking
By
John Andrews
Dec 01, 2017
Despite growing concerns about excess supply and changing industry dynamics, capital remains available in the senior living sector. Well-run operations have the best options.
Lifespace Communities aims to get, keep employees with double-digit percentage wage increases
By
Kathleen Steele Gaivin
Dec 02, 2021
With an eye toward recruitment and retention, and maybe even luring some previous employees back, Dallas and West Des Moines, IA-based Lifespace Communities is investing $17 million into wage increases,...
NCAL updates member targets for turnover, antipsychotic use and more
By
Lois A. Bowers
Mar 15, 2018
The National Center for Assisted Living has released updated targets for the four focus areas of its Quality Initiative.
Genesis announces restructuring, voluntarily delists from NYSE
By
Amy Novotney
Mar 04, 2021
Genesis HealthCare will institute a three-part plan to improve its financial metrics and cut debt by $236 million, the company announced Wednesday. The plan includes a voluntary delisting from the New...
MedPAC recommendations: Change MA benchmark policy, operate fewer alternative payment models
By
Liza Berger
Jun 16, 2021
The Medicare Payment Advisory Commission (MedPAC) issued a report Tuesday that advises Congress to change the benchmark policy for the growing Medicare Advantage (MA) program. It also recommended that...
Pennant Group ready for ‘modest’ growth in senior living acquisitions
By
Lois A. Bowers
Aug 10, 2022
The Pennant Group spent time in the first half of 2022 streamlining its senior living portfolio, improving the average quality of its buildings and “positioning ourselves to accelerate organic growth...
CVS says long-term care business ‘on track’ despite operating income decrease
By
Lois A. Bowers
May 02, 2019
CVS continues to “work diligently in driving growth for the assisted living space” through its Omnicare long-term care pharmacy business, CVS President and CEO Larry Merlo said Wednesday during the...
Capital Senior Living reiterates uncertainty about future to SEC
By
Lois A. Bowers
Aug 11, 2020
Capital Senior Living reiterated its belief that conditions related to COVID-19 “raise substantial doubt about the company’s ability to continue as a going concern” in a document filed Monday with...
Pandemic putting pressure on seniors housing: Marcus & Millichap
By
Amy Novotney
Apr 14, 2020
The senior living industry may be one of the hardest hit by the coronavirus pandemic, yet with operators well suited to manage infectious diseases, and the strength of the seniors housing market prior...