American Healthcare REIT ‘bullish’ on long-term care prospects, exec says
By
Kathleen Steele Gaivin
Mar 25, 2024
American Healthcare REIT is “bullish” on the prospects for senior living and skilled nursing over the next several years, President and CEO Danny Prosky said on Friday’s earnings call with...
Senators debate whether Social Security funding increase is needed
By
Kathleen Steele Gaivin
Mar 21, 2024
Whether increased Social Security funding is needed was the focus of discussion at a Wednesday hearing of the Senate Special Committee on Aging.
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.
Well-Spring, Brightspire merge to form Kintura
By
Kathleen Steele Gaivin
Mar 20, 2024
The Well-Spring Group and Brightspire, both senior living providers, have signed a binding, definitive agreement to merge, creating a new parent entity to be known as Kintura.
‘Viral fusion’ fuels extra-potent vaccine for RSV, could be deployed for flu, researchers say
By
Aaron Dorman
Mar 19, 2024
A new “3D vaxlock” process creates a vaccine 11 times more potent than “standard industry comparators,” new research shows.
FBI, Justice Department cracking down on PPP loan fraudsters
By
Kathleen Steele Gaivin
Mar 19, 2024
The FBI and Justice Department are reportedly ramping up investigations and prosecutions of companies believed to have fraudulently obtained Paycheck Protection Program loans during the pandemic.
American Healthcare REIT board neutral on Comrit’s latest ‘opportunistic’ offer
By
Kathleen Steele Gaivin
Mar 19, 2024
The American Healthcare REIT Board of Directors has made no recommendation regarding an amended, unsolicited third-party bid mini-tender offer from Comrit Investments, according to a filing Friday with...
Bill to ban noncompete agreements considered by New York City lawmakers
By
Kathleen Steele Gaivin
Mar 19, 2024
After New York Gov. Kathy Hochul (D) in January vetoed a bill that would have banned most noncompete agreements in the state, lawmakers in New York City are considering a ban within city limits.
Actions & Transactions, March 19
By
Kathleen Steele Gaivin
Mar 19, 2024
CFG closes $16.35M bridge-to-HUD financing for 2-SNF acquisition in Utah … CareTrust REIT raises quarterly dividend to $0.29 per share … Trilogy Health Services CCRC opens in Bowling Green, OH …...
Change Healthcare starts to return platform services following cyberattack, but crisis ‘could reverberate...
By
Aaron Dorman
Mar 18, 2024
As promised, Change Healthcare on Friday entered a new stage of recovery from a major cyberattack which affected long-term care providers.