Balfour–Kisco affiliation brings ‘greater geographic coverage,’ firms say
By
Kathleen Steele Gaivin
Oct 17, 2023
Louisville, CO-based Balfour Senior Living now is an affiliate of Carlsbad, CA-based Kisco Senior Living, the companies announced Friday in a joint statement.
Support growing for bill that would limit noncompete agreements, lawmakers say
By
Kathleen Steele Gaivin
Feb 13, 2023
A bipartisan group of lawmakers says that support is growing for a bill reintroduced in both the Senate and the House of Representatives earlier this month that seeks to limit the use of noncompete agreements....
Overtime rule sometimes applies to ‘highly paid’ workers, Supreme Court rules
By
Kathleen Steele Gaivin
Feb 24, 2023
The Supreme Court ruled Wednesday that, under certain circumstances, “highly paid” employees can be eligible for overtime pay if they are paid daily rather than on a salaried basis.
Supreme Court agrees to hear case determining employer burden of proof regarding overtime pay
By
Kathleen Steele Gaivin
Jun 18, 2024
The Supreme Court said Monday that it will hear a case to determine where the burden of proof lies for an employer claiming to be exempt from paying overtime pay to employees who work more than 40 hours...
Brookdale Senior Living says preliminary financial data ‘favorable’ in first quarter
By
Kathleen Steele Gaivin
Apr 12, 2023
Brookdale Senior Living’s preliminary financial results for the first quarter are “favorable,” the Brentwood, TN-based says
Cap rates up except in skilled nursing
By
Kathleen Steele Gaivin
Jul 11, 2023
More than 50% of the respondents to the 12th edition of CBRE’s “Seniors Housing & Care Investor Survey” expect capitalization rates to increase this year. That’s up from 27% in last year’s...
SNFs face ‘increased and increasingly hostile’ government scrutiny, attorneys say
By
Kathleen Steele Gaivin
Jun 06, 2024
The increased scrutiny facing nursing home providers since the COVID-19 pandemic includes “overall increased and increasingly sort of hostile approach by surveyors in the quality-of-care area,” according...
Senior living performance surpasses expectations, Welltower CEO says
By
Kathleen Steele Gaivin
May 01, 2024
Toledo, OH-based real estate investment trust Welltower experienced a strong start in the first quarter, with a 19% year-over-year increase in funds from operations across the board, CEO Shank Mitra said...
New Perspective buys 6 communities using $200M+ in capital, with plans for $500M in future acquisitions
By
Kathleen Steele Gaivin
May 02, 2024
Senior living operator New Perspective will use more than $200 million in bridge loans, preferred equity and common equity from BMO, Fengate and Boldt to buy and finance six senior living communities with...
American Healthcare REIT considers increasing stake in Trilogy Health Services
By
Kathleen Steele Gaivin
Feb 13, 2024
Fresh off of an initial public offering, American Healthcare REIT executives said Monday that the company is considering buying the remaining 26% of Trilogy Health Services that it currently does not own.