CareTrust REIT expects ‘supercharged growth for the foreseeable future’
By
Lois A. Bowers
Aug 05, 2024
The first six months of 2024 have been “strong” for CareTrust REIT President and CEO Dave Sedgwick said Friday on a second-quarter earnings call, adding that “momentum is actually building” and...
Effective leadership, management practices benefit insurance underwriting process
By
Kimberly Bonvissuto
Aug 02, 2024
Strong leadership, quality assurance programs and transparency are key considerations that affect insurance underwriting in senior living, according to an insurance expert.
Committee advances Older Americans Act reauthorization to full Senate
By
Kimberly Bonvissuto
Aug 02, 2024
The Older Americans Act cleared another hurdle on its path to reauthorization on Wednesday and now heads to the full Senate for a vote.
Welltower to focus on lower-needs assisted living as REIT forecasts multi-year occupancy gains
By
Kimberly Bonvissuto
Jul 31, 2024
Welltower CEO Shankh Mitra said Tuesday that, overall, he was pleased with the Toledo, OH-based real estate investment trust’s results in the second quarter, but he added that he is more excited about...
The second quarter went “generally according to plan” except for challenges with occupancy issues at some assisted living communities operated by one company and a major cyberattack that disrupted...
Staff development helps combat high cost of turnover
By
Kimberly Bonvissuto
Jul 30, 2024
Although workforce challenges in senior living abound — including the high cost of turnover — there are “bright spots illuminating a path forward,” according to the findings of a new workforce...
Lutheran Senior Services opens Netherlands-inspired dementia village, with more on the way
By
Kimberly Bonvissuto
Jul 30, 2024
Inspired by a dementia village model in the Netherlands, a US senior living operator is opening a new memory care neighborhood concept in two of its communities to provide a “safe and immersive” experience...
New bill targeting private equity, REIT transparency muddies waters for assisted living
By
Kimberly Bonvissuto
Jul 29, 2024
An updated version of a bill targeting transparency for private equity firms has removed assisted living from the mix of covered entities, but a tax code definition covering real estate investment trusts...
Federal judge certifies subclasses in Brookdale class action lawsuit; trial set for January
By
Kimberly Bonvissuto
Jul 29, 2024
A long-running California class action lawsuit filed against Brookdale Senior Living will go forward early next year after a judge granted a motion to certify three community-based subclasses in the case.
Clif Porter sees ‘huge’ opportunities and ‘some level of trepidation’ for assisted living as...
By
Lois A. Bowers
Jul 29, 2024
As Clif Porter prepares to become the next president and CEO of the American Health Care Association/National Center for Assisted Living, he sees good things ahead for assisted living providers, but he...