NHC to acquire 15-property portfolio from White Oak Senior Living
By
Kathleen Steele Gaivin
Jun 05, 2024
National HealthCare Corp. plans to acquire Spartanburg, SC-based White Oak Senior Living’s 15-property portfolio of senior living and care communities in North Carolina and South Carolina, the Murfreesboro,...
Private equity healthcare bankruptcies spiked in 2023, with more expected this year
By
Kathleen Steele Gaivin
Apr 18, 2024
Private equity healthcare bankruptcies hit a record high last year, with more expected this year, according to nonprofit Private Equity Stakeholder Project.
Proposed overtime rule is ‘bad policy’ that senior living providers cannot absorb, groups say
By
Kimberly Bonvissuto
Nov 09, 2023
A new overtime rule proposed by the federal government would worsen workforce issues for senior living providers and create unintended consequences for workers and residents, according to industry advocacy...
HumanGood completes $35 million renovation project in southern California
By
Kathleen Steele Gaivin
Mar 14, 2024
Duarte, CA-based HumanGood has completed a $35 million renovation at The Gardens, an affordable senior housing community in Glendale, CA.
Paid time off is fringe benefit unrelated to salary, court rules
By
Kathleen Steele Gaivin
Apr 07, 2023
An employer was victorious when an appellate court recently ruled that paid time off is a fringe benefit that is not related to salary.
Employee handbook language makes senior living provider’s arbitration policy ‘unenforceable,’ court...
By
Kimberly Bonvissuto
Jul 31, 2023
A senior living provider’s employee arbitration agreement is “unenforceable” because the company reserved the right to unilaterally alter the policy without advance notice, a court has ruled.
2023 laid groundwork for sustained performance, outsized growth in 2024: Welltower CEO
By
Kimberly Bonvissuto
Feb 15, 2024
2023 was a year of “solid execution” across the board for Welltower and a record year in capital deployment, laying the groundwork for a sustained level of performance and continued outsized growth...
75 percent of Invesque properties now senior living, CEO says
By
Kathleen Steele Gaivin
Mar 17, 2023
Seventy-five percent of Invesque’s properties as of the end of 2022 are senior living communities — independent living, assisted living and memory care, Chairman and CEO Scott White said Thursday during...
Seniors don’t want AI caregivers; but tech giants are betting on them anyway, reports show
By
Aaron Dorman
Mar 26, 2024
As one company launches a new “AI healthcare agent,” investors believe virtual caregivers can fill staffing shortages in LTC.
People in the news, April 23
Apr 23, 2024
Appointments, promotions and other news at Aviva Senior Living, Benchmark Senior Living, Bridge Senior Living, Caring, Covenant Living Communities and Services, Juniper Communities, The Kendal Corporation,...