Beth Burnham Mace, chief economist for the National Investment Center for Seniors Housing & Care, explains the potential broad effects of the United Kingdom decision to leave the European Union and how...
Legislation proposes $5.5M in ARPA funds to boost assisted living workforce
By
Kathleen Steele Gaivin
Feb 25, 2022
The Nebraska Unicameral Legislature is considering legislation that would direct more than $5.5 million in American Rescue Plan Act funds to assisted living communities to promote employee recruitment...
U.S. Treasury task force: Federal government must educate public about LTC costs
By
Amy Novotney
Aug 17, 2020
The Treasury and other federal agencies should do a better job educating consumers about long-term care and the need to finance it. That’s according to a report released last week by the Federal Interagency...
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...
Americans underestimate need to save for long-term care
By
Kathleen Steele Gaivin
Nov 13, 2023
An alarming rate of Americans underestimate the need for long-term care funds while saving for retirement, according to the results of two independent surveys.
Former American Senior Communities COO gets 57-month prison sentence
By
Lois A. Bowers
Jul 09, 2018
Former American Senior Communities Chief Operating Officer Daniel Benson was sentenced Friday to 57 months in federal prison for his role in a $19.4 million fraud, kickback and money-laundering scheme...
HUD releases $40 million in funding for service coordinators
By
Kathleen Steele Gaivin
Dec 15, 2023
The Department of Housing and Urban this week released $40 million in new funding for service coordination programs in affordable senior housing.
RN wages projected to grow more rapidly than wages for other professions, study finds
By
Kathleen Steele Gaivin
Oct 12, 2023
Registered nurse salaries are projected to increase over the next decade at a rate that surpasses the rate of increases for some other healthcare professions, according to the results of a recent study...
REITs ‘well prepared’ to navigate economic uncertainty: report
By
Kathleen Steele Gaivin
Mar 13, 2023
Real estate investment trusts’ operations remained solid with year-over-year increases in funds from operations and net operating income, according to the National Association of Real Estate Investment...
Former president of assisted living management company pleads guilty to $59 million check-kiting scheme
By
Kimberly Bonvissuto
Oct 26, 2020
The former head of a healthcare management company that operates assisted living communities pleaded guilty to bank fraud Tuesday for carrying out a $59 million check-kiting scheme on banks in two states.