Keswick plans multi-year, $65 million project to move to household model, add assisted living memory...
By
Kathleen Steele Gaivin
Nov 10, 2023
A multi-year, $65 million capital project will transform the residential areas of Keswick’s long-term care campus to the “household” model and expand services to include assisted living memory care,...
Nursing homes struggle with tighter reimbursement environment, expert says
By
Kathleen Steele Gaivin
Mar 20, 2024
Nursing home funding challenges, capital and private equity firms were among the subjects of a webinar Tuesday sponsored by the Long Term Care Community Coalition.
New Eskaton report blames SNFs for $28 million net loss in 2022
By
Kathleen Steele Gaivin
Jun 01, 2023
Eskaton ended 2022 with a $28 million net loss, and its skilled nursing properties largely are responsible, according to an independently audited financial report dated May 16.
Lawmakers approve broad funding increases for skilled nursing facilities
By
Kathleen Steele Gaivin
Apr 11, 2022
Legislators in Illinois and Minnesota recently have approved broad funding increases for skilled nursing facilities in their states.
Debt market liquidity top concern for long-term care investors: survey
By
Kathleen Steele Gaivin
Nov 14, 2023
Half of long-term care investors see debt market liquidity as their top concern over the next 12 months, according to Cushman & Wakefield’s recent survey of more than 90 industry leaders. Sixty-eight...
Ignite Medical Resorts continues growth trajectory with Indiana acquisition
By
Kathleen Steele Gaivin
Jun 04, 2024
Chicago-based Ignite Medical Resorts is expanding once again with the acquisition of the former Symphony of Chesterton in Chesterton, IN.
Skilled nursing claims continue to be eclipsed by assisted living claims by average cost, CNA reports
By
Kathleen Steele Gaivin
Mar 18, 2022
The average cost of assisted living professional liability claims ($267,174) has outpaced such claims by skilled nursing facilities ($245,559) over the past few years, according to the 11th edition of...
Muni bond defaults most likely to occur in senior living, skilled nursing, survey finds
By
Kathleen Steele Gaivin
Jan 09, 2024
Yields may have peaked in 2023 for municipal bonds, with defaults this year most likely to happen in senior living and skilled nursing, according to the results of a recent survey published by Hilltop...
Ignite boosts Texas presence via $12.7 million joint venture with LTC Properties
By
Kathleen Steele Gaivin
Apr 05, 2024
Ignite Medical Resorts will expand its footprint in Texas through a $12.7 million loan from Westlake Village, CA-based real estate investment trust LTC Properties that will enable the operator to purchase...
LTC Properties, PruittHealth joint venture buys 3 Florida SNFs for $62 million
By
Kathleen Steele Gaivin
Sep 13, 2022
LTC Properties announced Monday a $62 million joint venture with Norcrorss, GA-based PruittHealth to buy three skilled nursing facilities in northern Florida. PruittHealth is a new partner for the Westlake...