Overall turnover in assisted living is down from last year, but it is up for some positions compared with last year, according to the 20th annual “Assisted Living Salary & Benefits Report,”...
Senior living borrowers may not be aware of this bank placement risk
By
Lois A. Bowers
Jul 11, 2016
Not-for-profit senior living companies attracted to bank placements for capital should beware of a provision that can be part of such agreements, according to specialty investment bank Ziegler.
Lawsuit cites nooses in staff break room
By
Lois A. Bowers
Jan 24, 2016
A former worker at a Portland, OR, senior living community has filed a lawsuit claiming that her employment was wrongfully terminated in part because she complained after two nooses were found hanging...
HCR ManorCare says it will contest QCP’s receivership request
By
Lois A. Bowers
Aug 21, 2017
HCR ManorCare said it intends to “vigorously” contest the request that Quality Care Properties made to a California state court that an independent receiver be appointed to oversee ManorCare’s...
Mainstreet to acquire $425 million portfolio, change name to Invesque
By
Lois A. Bowers
Nov 20, 2017
Mainstreet Health Investments will acquire Care Investment Trust, which owns 42 U.S. seniors housing and care properties, for $425 million, the company announced Friday. The healthcare real estate company...
Healthpeak considering HQ relocation
By
Amy Novotney
Oct 20, 2020
Irvine, CA-based Healthpeak Properties is reportedly considering moving its headquarters. According to the Nashville Business Journal, the real estate investment trust is eyeing a move to Nashville, TN....
More news for Wednesday, Aug. 10
Aug 09, 2016
Big companies expect moderate increases in 2017 employee healthcare costs … Senate Aging Committee Chair says she will not support Trump
HCR ManorCare made up over half of ProMedica’s revenue in first half of 2020
By
Amy Novotney
Sep 28, 2020
It’s been a little more than two years since nonprofit health system ProMedica’s $1.4 million acquisition of Quality Care Properties tenant HCR ManorCare and Arden Courts, through a joint venture with...
Lingering pandemic-related costs slow operating margin growth: NIC
By
Kimberly Bonvissuto
Mar 11, 2022
As occupancy recovery in senior living continues and the pandemic eases, increasing operating expenses may limit the growth of operating margins in the next six months, according to the National Investment...
Senior living communities can navigate the pandemic through a ‘nuanced’ approach, experts say
By
Kimberly Bonvissuto
Jan 13, 2021
A “nuanced approach with attention to details” is necessary for senior living communities to navigate the uncertainties, hesitancies and logistical issues of COVID-19 vaccination, according to Patricia...