Trustwell much larger after adding 16 communities to portfolio
By
Kathleen Steele Gaivin
Jun 27, 2023
New York City-based Trustwell Living has added 16 assisted living and memory care communities to its holdings, greatly expanding its five-community portfolio to 21 communities.
Business briefs, July 22
By
Kathleen Steele Gaivin
Jul 22, 2024
Argentum urges Texas to expedite power restoration for senior living communities following Hurricane Beryl … Appeals court remands Biden ESG case to lower court in light of Supreme Court ruling … Lantern...
US spends ‘significantly less’ on long-term care than other countries
By
Kathleen Steele Gaivin
Aug 06, 2024
The United States spends “significantly less” on long-term care than other countries despite spending “significantly more” on healthcare overall, according to a brief published Friday by the Peterson-KFF...
Invesque aims to ‘right-size leverage’ through sales
By
Kathleen Steele Gaivin
Aug 09, 2024
Invesque’s activity in the second quarter included selling properties and restructuring debt. The sales are in keeping with the Fishers, IN-based healthcare real estate investment company’s previously...
Families headed by someone at or near retirement have more debt than in decades past
By
Kathleen Steele Gaivin
Aug 06, 2024
American families headed by someone just reaching retirement or newly retired are more likely to have debt than similar households in the 1990s. And that debt is a higher amount than debt carried by those...
‘Strong industry headwinds’ lead to bankruptcy for Guardian Healthcare
By
Kathleen Steele Gaivin
Aug 01, 2024
Brockway, PA-based Guardian Healthcare has filed for Chapter 11 bankruptcy protection.
Earnings calls roundup: Omega, Ensign, RMR
By
Kathleen Steele Gaivin
Feb 06, 2023
The Ensign Group, Omega Healthcare Investors and The RMR Group held earnings calls on Friday.
GOP calls for agency regulation review in wake of Supreme Court overturning of Chevron doctrine
By
Kathleen Steele Gaivin
Jul 12, 2024
The Supreme Court’s decision last month to overturn a long-standing doctrine that had given regulatory agencies broad discretion to set rules for the entities they cover has set off a call from the Republican...
Liability costs, severity increasing for long-term care providers
By
Kathleen Steele Gaivin
Aug 02, 2024
Liability costs continued to rise for senior living and care operators last year, although “the underlying dynamics that impact loss costs may be shifting,” according to a new actuarial analysis from...
Business briefs, Nov. 30
By
Kathleen Steele Gaivin
Nov 30, 2022
Commission says direct care worker shortage is a priority…CMS issues ultimatum on HCBS settings final rule compliance … Fitch Ratings affirms Brethren Village revenue bonds at BB+; outlook stable …...