LTC defers, abates about $3.7M in rent as tenant Abri Health Services/Senior Care Centers files for Chapter...
By
Amy Novotney
Apr 21, 2021
LTC Properties has granted more than $3.6 million in rent deferrals since the beginning of the year, according to a company update released Monday.
Welltower, Sabra see meaningful improvement in March occupancy
By
Amy Novotney
Apr 07, 2021
Following a decline in occupancy in early March, real estate investment trust Welltower saw spot occupancy increase in recent weeks, with an approximate gain of 30 basis points (0.3%) since March 12. That’s...
Biden’s infrastructure plan includes prioritized funding for affordable housing, long-term care
By
Amy Novotney
Apr 01, 2021
President Biden unveiled a $2 trillion, eight-year infrastructure plan on Wednesday with a nod to the needs of older adults and the long-term care industry. The first phase of the president’s American...
Healthcare labor union helping unemployed fast-food and hotel workers pursue careers in senior living
By
Amy Novotney
Mar 31, 2021
Last year as the COVID-19 pandemic took hold across the country, requests for certified nursing assistants rose 25% in New York City alone, according to an analysis published last week in the Wall Street...
Warren launches investigation into for-profit nursing homes after Genesis CEO bonus
By
Danielle Brown
Mar 19, 2021
A top U.S. lawmaker on Wednesday intensified her fiery attacks on beleaguered Genesis HealthCare’s issuance of a hefty bonus to a departing long-time CEO, even as the company was flailing amid the devastation...
Diversicare anticipates continued COVID-19 costs for 2021 but reports $1M in savings from Reliant deal
By
Amy Novotney
Mar 15, 2021
The COVID-19 pandemic led to an additional $32 million in healthcare-related expenses last year for Diversicare, and the Brentwood, TN-based skilled nursing operator expects 2021 will be another year of...
Lawmakers in several states propose bills to ban employers from mandating COVID-19 vaccines
By
Amy Novotney
Mar 10, 2021
Although only a handful of long-term care operators have gone the route of requiring employees to get a COVID-19 vaccine, some state legislators are working to pre-empt those mandates, according to a Washington...
Picture looks bright for Sabra’s SNF portfolio; rental assistance may be needed for senior housing...
By
Amy Novotney
Feb 24, 2021
The ongoing rollout of the COVID-19 vaccine within skilled nursing facilities and senior living communities has many investors focused on a recovery scenario for Sabra Health Care REIT. Concerns still...
COVID-19 liability shields may lead to neglect, critics argue
By
Amy Novotney
Jan 28, 2021
North Carolina is just one of dozens of states that has granted legal immunity to skilled nursing facilities and assisted living communities to shield them from COVID-19-related lawsuits. In addition,...
Documentation key in avoiding COVID-19 employment and wrongful death lawsuits
By
Amy Novotney
Jan 22, 2021
As of Wednesday, more than 8,000 COVID-19-related complaints have been filed across the United States, according to a national lawsuit tracker by international law firm Hunton Andrews Kurth. Although many...