Long-term care deal volume back to historically high levels
By
Kathleen Steele Gaivin
Mar 14, 2022
Long-term care was the highest segment in terms of volume, followed by physician practices, home health/hospice, and behavioral health.
New line of sleep health tech promises CES 2024 won’t be snooze fest
By
Aaron Dorman
Jan 04, 2024
Several dozen companies are showcasing sleep tech items, including “smart” pillows and mattresses, at an upcoming conference in Las Vegas.
ASC’s former CEO sentenced to 9.5 years in federal prison for role in $19.4 million fraud scheme
By
Lois A. Bowers
Jul 02, 2018
Former American Senior Communities CEO James Burkhart was sentenced Friday to 9 1/2 years in prison for his role in what U.S. Attorney Josh J. Minkler described as a “massive fraud, kickback and...
Assisted living? No thank you, investors and developers say
By
Lois A. Bowers
Feb 27, 2024
Assisted living communities saw the largest decrease in interest from 2023 to 2024 of all property types included in the 2024 CBRE US Healthcare Capital Markets’ Investor & Developer Survey.
Skilled nursing occupancy holds steady as providers face expense pressures: NIC
By
Kathleen Steele Gaivin
Oct 02, 2023
Occupancy among skilled nursing facilities held steady in July overall, after increasing in June, according to the latest Skilled Nursing Monthly Report, released Thursday by NIC MAP Vision.
Health services, education sector loses 29,000 jobs in May
By
Kathleen Steele Gaivin
Jun 02, 2023
Private-sector employment added 278,000 jobs last month, but the health services and education sector lost 29,000 jobs. That’s according to the May ADP National Employment Report produced by the ADP...
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...
Pennsylvania cities top retirement destination ranking as seniors worry about healthcare, housing
By
Alicia Lasek
Nov 02, 2022
Two cities in Pennsylvania best meet Americans’ expectations of a retirement destination, with healthcare and housing affordability high priorities, according to the U.S. News & World Report’s 2022-2023...
Senior housing construction recovery likely to be slower than most commercial real estate sectors: report
By
Amy Novotney
Mar 05, 2021
After weathering an extremely volatile year, 2021 is expected to bring more stability to the construction industry, but recovery within senior housing is likely to take longer than other sectors as a result...
Fate of minimum wage, sick leave changes uncertain after legislature vote
By
Lois A. Bowers
Dec 10, 2018
The fate of minimum wage and sick leave changes passed by the Michigan legislature Dec. 4 is uncertain, as it remains to be seen whether outgoing Michigan Gov. Rick Snyder (R) will sign them into law,...