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...
Health issues limit work potential for a fifth of younger baby boomers
By
Alicia Lasek
Aug 29, 2023
Health-related issues appear to be hampering the job prospects of the baby boomer population’s youngest cohort, according to new data from the Bureau of Labor Statistics.
Retirees head back to work amid economic fears: report
By
Kathleen Steele Gaivin
Jan 29, 2024
An increasing number of retired workers are heading back into the workforce amid economic fears, according to the results of a recent survey from Nationwide Retirement Institute.
Assisted living accounts for plurality of acquisitions in second quarter
By
Kimberly Bonvissuto
Jul 18, 2023
Assisted living accounted for 42% of the publicly announced senior living and care acquisitions in the second quarter, according to newly released data from LevinPro LTC. The percentage was equal to the...