Earnings call roundup: Ventas, CareTrust REIT, National HealthCare Corp.
By
Lois A. Bowers
Aug 08, 2022
CareTrust REIT, National HealthCare Corp. and Ventas held second-quarter earnings calls or released earnings reports on Friday.
AlerisLife plans $14 million in cost cuts, $4 million in investments
By
Lois A. Bowers
Aug 05, 2022
Newton, MA-based AlerisLife will reduce costs by approximately $14 million and invest approximately $4 million under recommendations made by a consulting firm it hired, to “drive efficiencies and standardize...
LTC Properties defers or abates $2 million in rent as operators feel ‘some stress’
By
Lois A. Bowers
May 02, 2022
Long-term care operators felt “some stress” in the first quarter as they continued to confront labor pressures and inflation, LTC Properties Chairman and CEO Wendy Simpson said Friday during the Westlake...
Senior living occupancy increases for third quarter in a row, led by assisted living
By
Lois A. Bowers
Apr 08, 2022
Occupancy in senior living communities in the first quarter increased for the third quarter in a row, according to NIC MAP data released Thursday afternoon related to the 31 primary markets that NIC MAP...
OSHA civil penalties now top $145,000 for ‘willful or repeated’ violations
By
Lois A. Bowers
Jan 20, 2022
The Occupational Safety and Health Administration has increased the maximum penalty for “willful or repeated” violations to $145,027 per violation from $136,532 per violation, the Department of Labor...
Vaccination, labor availability ‘critical’ to restoring occupancy, performance: Omega
By
Lois A. Bowers
Nov 08, 2021
The rollout of COVID-19 vaccines has helped stem the spread and adverse effects of the coronavirus pandemic, but senior living operators continue to battle with increasing costs driven by the scarcity...
Construction costs up but contractor backlog down: ASHA brief
By
Lois A. Bowers
Mar 10, 2021
The cost of construction materials is up, due to “significant” swings in commodity pricing, and additional increases are expected in the spring, according to a new issue brief for the American Seniors...
Senior living renovation projects have stalled, but work related to most new developments and additions to existing campuses continues amid COVID-19, Larry Graeve, Chris Harrison and Amy Burk of The Weitz...
Bill would let people tap retirement accounts for long-term care insurance
By
Lois A. Bowers
Dec 03, 2019
Individuals would be allowed to withdraw up to $2,000 per year from their retirement accounts, tax-free, to pay for long-term care insurance to fund long-term services and supports under a bill proposed...
Buttigieg proposes federal standards for assisted living
By
Lois A. Bowers
Dec 02, 2019
Presidential hopeful Pete Buttigieg’s plan for long-term care would establish federal standards for assisted living communities, including staffing ratios, required access to mental health clinicians...