White House allocates $206M to train physicians in geriatric care … $85M in HUD funding announced at HumanGood-hosted event … Washington becomes most recent state to implement new labor laws
Actions & Transactions, July 3
By
Kathleen Steele Gaivin
Jul 03, 2024
Dwight Mortgage Trust provides $14M bridge acquisition loan for 10-SNF portfolio in Southeast … Benchmark’s Arbors at Shelburne completes ‘significant renovation’ … Blueprint advises on sale...
Retirement savings rates set new records, Vanguard says
By
Kathleen Steele Gaivin
Jul 02, 2024
Americans are paying into retirement savings at a record rate, according to Valley Forge, PA-based Vanguard. That could be good news for senior living providers down the road.
Older adults’ home equity tops $13 trillion in first quarter
By
Kathleen Steele Gaivin
Jul 02, 2024
Homeowners aged 62 or more years saw their housing equity grow by $328.5 billion in the first quarter, according to data released Friday by the National Reverse Mortgage Lenders Association.
Long-term care providers among 193 criminally charged, $2.75 billion in fraud recoveries so far in 2024
By
Kathleen Steele Gaivin
Jul 01, 2024
The Justice Department has recovered more than $2.75 billion in false claims against healthcare providers and charged 193 defendants so far this year in criminal cases through its 2024 National Health...
Companies not protected from data breach lawsuits after governor vetoes bill
By
Kathleen Steele Gaivin
Jul 01, 2024
Florida Gov. Ron DeSantis (R) last week vetoed legislation that would have made companies immune from data breach lawsuits in certain instances.
Welltower codifies ESG initiatives in formal policy
By
Kathleen Steele Gaivin
Jun 28, 2024
Welltower has formalized its environmental, social and governance commitment in a board-approved ESG policy, according to the Toledo, OH-based real estate investment trust’s annual ESG report, released...
Spending on nursing homes, home care slows year over year
By
Kathleen Steele Gaivin
Jun 27, 2024
Between May 2023 and May 2024, overall healthcare costs grew by 3.4%, the fastest increase seen since December 2007, according to Altarum’s monthly Health Sector Economic Indicators brief, released Wednesday.
Elevated Medicaid use no threat to health insurers in the long term: Fitch
By
Kathleen Steele Gaivin
Jun 27, 2024
Headwinds from an increase in the use of Medicaid are unlikely to have a long-term negative effect on health insurers, according to a new brief from Fitch Ratings. Insurers may experience short-term margin...
‘Deteriorating’ outlook for CCRCs to continue for rest of year: Fitch
By
Kathleen Steele Gaivin
Jun 26, 2024
The “deteriorating” outlook for the not-for-profit continuing care retirement / life plan communities sector will continue for the rest of the year, “indicating our expectation that credit pressures...