NIC: Loan delinquencies still above pre-COVID levels but trend down
By
Kathleen Steele Gaivin
Nov 11, 2022
The number of delinquent loans in the long-term care industry edged down in the second quarter, but delinquencies remain above pre-COVID levels, according to a report released Wednesday by the National...
Kandu / Bloom divest of skilled nursing facilities to focus on senior living
By
Kathleen Steele Gaivin
Mar 28, 2023
Birmingham, MI-based Bloom Senior Living and Kandu Capital have extricated themselves from their skilled nursing facilities and mental health / psychiatric facilities to focus on their portfolio of independent...
Loan activity at record low for senior living: NIC
By
Kathleen Steele Gaivin
Aug 11, 2023
The issuance of new permanent debt reached a time series low for senior living — and a near record low for skilled nursing — in the first quarter based on the six years since the National Investment...
Care provider to pay $14.9M over false claims involving assisted living communities
By
Kimberly Bonvissuto
Jun 10, 2024
A chronic disease management provider will have to shell out $14.9 million over allegations related to false claims involving assisted living communities, memory care communities and group homes.
Rebound expected for M&A in senior living and care
By
Kathleen Steele Gaivin
Feb 28, 2024
Mergers and acquisitions activity in senior living and care faltered in 2023 for various economic reasons, but M&A is expected to rebound this year, according to the experts at accounting and consulting...
$25 million in COVID-19 payments will support 211 long-term care organizations
By
Lois A. Bowers
Aug 08, 2022
One-time payments totaling $25 million will be issued to 211 long-term care organizations in Maine to help them recover from the pandemic, Gov. Janet Mills (D) announced Thursday.
Healthcare employers more likely than those in other industries to shrink workforce: survey
By
Kathleen Steele Gaivin
Jul 29, 2022
More than 40% of employers plan on expanding their workforces this year, but healthcare employers are not among them. That’s according to the results of a recent Fisher Phillips flash survey published...
Spot occupancy spikes in June, Welltower reports
By
Kathleen Steele Gaivin
Jul 14, 2022
Spot occupancy in Welltower’s U.S. senior housing operating portfolio rose 120 basis points (1.2%) in the second quarter, with half of that increase occurring in the last two weeks of June, according...
Almost a third of nation’s workforce earns less than $15 an hour, research shows
By
Kathleen Steele Gaivin
Mar 25, 2022
New research from Boston-based Oxfam America indicates that 51.9 million workers, 31.9% of the nation’s workforce, earn less than $15 an hour.
Pennant senior living portfolio continues rebuilding, with focus on leadership development
By
Kimberly Bonvissuto
Nov 09, 2022
Although wage pressures stifled third-quarter earnings, the Pennant Group saw notable progress on revenue and occupancy and is on track to make “significant” improvements and deliver strong results...