Ageism is barrier to re-entering workforce, retirees say
By
Kathleen Steele Gaivin
Sep 14, 2022
Due to inflation, a third of America’s retirees have at least considered returning to work, and 14% of current retirees say that they are open to or actively looking for work. Unfortunately, 43% of retirees...
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...
Business briefs, Sept. 13
By
Kathleen Steele Gaivin
Sep 13, 2022
Labor Department awards $1.9M to 14 organizations for workplace safety, health training; infectious disease recognition …. Many older adults have untapped benefits … Assisted living owner sentenced...
Nursing home sales, closures, halts to admissions come as staffing shortages continue
By
Kathleen Steele Gaivin
Sep 12, 2022
As staffing shortages continue to plague nursing homes, sales, closures and admissions stoppages are becoming more frequent, according to respondents to a survey by the Long-Term Care Imperative, a collaboration...
CCRC demand remains robust: Fitch
By
Kathleen Steele Gaivin
Sep 09, 2022
Favorable demographic trends, with more Americans reaching retirement age, the ability to absorb cost inflation and good access to capital markets, will keep the continuing care retirement / life plan...
HCBS direct care workforce growth outpaces assisted living, nursing home workforce growth
By
Kathleen Steele Gaivin
Sep 08, 2022
The direct care workforce has added 1.5 million new jobs, going from 3.2 million to 4.7 million, over the past decade, according to a new report by PHI. Home- and community based services direct care workforce...
SNF occupancy declines slightly after 4 months of increases: NIC
By
Kathleen Steele Gaivin
Sep 07, 2022
After four months of increases, skilled nursing occupancy declined slightly in June, according to the latest Skilled Nursing Monthly Report from the National Investment Center for Seniors Housing & Care.
Business briefs, Aug. 26
By
Kathleen Steele Gaivin
Aug 26, 2022
Inflation Reduction Act provides $25B for affordable housing … Amazon pulling plug on Amazon Care … Fitch Ratings affirms Friends Homes at BBB-; outlook stable … Bright Star acquires eight franchises...
5-star SNF cites staffing issues in closure notice
By
Kathleen Steele Gaivin
Aug 19, 2022
Citing staffing and other issues, Clairemont Healthcare & Wellness Center LLC, doing business as Abby Gardens Healthcare Center, plans to close by the end of the year. The San Diego skilled nursing facility...
59 percent of adult children cannot afford assisted living, home care for parents: survey
By
Kathleen Steele Gaivin
Aug 10, 2022
Fifty-nine percent of adults aged 40 to 55 who have parents said they will not be able to pay for in-home nursing care or life at an assisted living community for them