Nursing home and assisted living move-ins increasing: NIC survey
By
Amy Novotney
Oct 19, 2020
Assisted living and skilled nursing facilities are reporting an increase in the pace of move-ins over the past 30 days, according to data collected from the most recent Executive Survey conducted by the...
Nebraska senior living communities developing dining room innovations to serve residents amid pandemic
By
Amy Novotney
Sep 10, 2020
Like nearly every senior living community, as the COVID-19 pandemic began in March, Nebraska-based Legacy Retirement Communities quickly went from offering its 680 senior living residents a restaurant...
Occupancy, operator fundamentals biggest variable when it comes to accessing capital: Marcus & Millichap
By
Amy Novotney
Sep 09, 2020
Capital costs are being driven by two factors. One is pandemic-related occupancy losses. The other is property characteristics. That’s according to Andrew Van Zee, an investment broker with the Knapp...
Paying direct care workers a living wage would reduce turnover, increase productivity by at least $5.5B:...
By
Amy Novotney
Sep 09, 2020
Raising the pay of workers in residential care settings to the living wage in their respective states would lead to several economic benefits for workers, employers and the economy overall, according to...
Pandemic-related fiscal woes to continue: report
By
Amy Novotney
Aug 27, 2020
The healthcare industry — and senior housing in particular — will see continued distress as a result of the COVID-19 pandemic, according to a report released Wednesday by Polsinelli, a law firm.
Many operators have not sought PPP loan forgiveness: Ziegler
By
Amy Novotney
Aug 26, 2020
Many senior living recipients of Paycheck Protection Program loans have not filed applications for loan forgiveness, according to data compiled by specialty investment bank Ziegler.
Nursing homes previously sued for Medicare fraud received hundreds of millions in coronavirus relief...
By
Amy Novotney
Aug 05, 2020
For-profit nursing home operators that have faced accusations of Medicare fraud and kickbacks in recent years received more than $300 million in coronavirus relief payments, according to a Washington Post...
SBA issues new guidance on PPP loan forgiveness
By
Amy Novotney
Jun 28, 2020
The Small Business Administration has issued new interim final rules for the Paycheck Protection Program Flexibility Act in an attempt to make complete loan forgiveness attainable for most borrowers.
Wisconsin nursing homes are closing at an unprecedented rate
By
Amy Novotney
Jun 09, 2020
Ryan Wernberg has lived in three different Wisconsin-based nursing homes in the past year. The moves haven’t been by choice — they’ve been the result of facility closings, according to an analysis...
Seniors housing municipal bonds under distress due to COVID-19 costs
By
Amy Novotney
May 29, 2020
The coronavirus is pushing more continuing care retirement communities into financial upheaval and putting pressure on the municipal bonds that financed them, according to an article Wednesday in Bloomberg...