$1 billion class action settlement will trigger transition of 2,400 nursing home residents to other settings
By
Kimberly Bonvissuto
Apr 19, 2024
The $1 billion settlement of a class action lawsuit has the potential to see 2,400 Massachusetts nursing home residents move into other residential and community settings in the next decade.
Brookdale ushers in 29 consecutive months of occupancy growth
By
Kimberly Bonvissuto
Apr 10, 2024
A 180-basis-point average occupancy gain in March represented the 29th consecutive month of year-over-year growth for Brookdale Senior Living, according to a Monday update from the Brentwood, TN-based...
Sonida CEO optimistic about future after ‘transformational’ year
By
Kimberly Bonvissuto
Mar 28, 2024
2023 was a “transformational” year for Dallas-based Sonida Senior Living, and it paved the way for growth in 2024 and beyond, President and CEO Brandon Ribar said Wednesday during the company’s...
2 senior living companies file for Chapter 11 bankruptcy protection
By
Kimberly Bonvissuto
Mar 26, 2024
The COVID-19 pandemic, staffing challenges, inflation, high interest rates and low reimbursement rates led to bankruptcy filings recently by two senior living companies.
Assisted living providers’ continued staffing challenges compromise infection control efforts: report
By
Kimberly Bonvissuto
Mar 21, 2024
Assisted living communities in New Jersey continue to face significant staffing challenges that compromise infection control effectiveness, according to a recently released report from Montgomery McCracken...
Fundamentals make it easy to get excited about senior living, expert says
By
Kimberly Bonvissuto
Mar 18, 2024
With solid demand, increasing occupancy and reduced supply, the underlying fundamentals driving top-line revenue growth in senior living are good, making it difficult not to get excited about the sector...
Assisted living sees 1.4 percent rate increase, lower than all other long-term care settings
By
Kimberly Bonvissuto
Mar 13, 2024
Although rate increases in assisted living communities were relatively low last year, increasing by 1.4% over 2022, those rates went up by 18.9% in total from 2021 to 2023, according to Genworth’s Cost...
Proposal would add Kentucky to mix of states trying to address long-term care financing
By
Kimberly Bonvissuto
Mar 13, 2024
Senior living provider groups are applauding Kentucky’s proactive approach to helping its residents pay for future long-term care needs with a proposal to form a task force to explore a statewide insurance...
FY24 appropriations bills a mixed bag for affordable senior housing
By
Kimberly Bonvissuto
Mar 05, 2024
The release of six fiscal year 2024 appropriations bills on Sunday brought mixed news for affordable senior housing, according to LeadingAge.
Senior living providers should follow CDC’s new ‘unified’ recommendations for COVID, flu, RSV
By
Kimberly Bonvissuto
Mar 04, 2024
Senior living providers should follow the updated respiratory virus isolation recommendations issued Friday by the Centers for Disease Control and Prevention, according to provider advocacy organizations.