Commission says direct care worker shortage is a priority…CMS issues ultimatum on HCBS settings final rule compliance … Fitch Ratings affirms Brethren Village revenue bonds at BB+; outlook stable …...
‘We are seeing the green shoots of recovery,’ Brookdale CEO says
By
Kathleen Steele Gaivin
May 20, 2021
Brookdale Senior Living is “seeing the green shoots of recovery,” President and CEO Lucinda “Cindy” Baier said yesterday at the Capital Markets Global Health Care Conference.
Actions & Transactions, May 14
By
Kathleen Steele Gaivin
May 14, 2021
Walter & Dunlap fund $56M refinance for three Chicago nursing homes … Laurel Circle completes $8 million, 28,317-square-foot renovation … JLL Capital Markets announce $66M purchase of five senior housing...
2 New Jersey nursing homes close amid rising costs, limited funds
By
Kathleen Steele Gaivin
May 13, 2021
Two New Jersey nursing homes have closed amid increasing costs and limited funds, despite receiving high marks for care provision.
Proposed law would enable some older workers to stay in jobs longer
By
Kathleen Steele Gaivin
May 12, 2021
Older Medicaid beneficiaries who are working and have disabilities no longer would need to retire at 65 to continue receiving benefits, under proposed legislation. The Supporting And Empowering the Nation...
C-suite retirements turn up the pressure on senior living organizations
By
Kathleen Steele Gaivin
May 11, 2021
Before the pandemic hit, and even more so with the pressures of the past year, the senior living sector has experienced a high volume of top-tier executive retirements, according to an analysis by specialty...
COVID vaccine increases adult children’s openness to senior living for parents: survey
By
Kathleen Steele Gaivin
May 26, 2021
The availability of the COVID-19 vaccine makes adult children more open to senior living communities for their parents than they were a year ago, but the vaccine doesn’t have as strong of an effect on...
Actions & Transactions, May 25
By
Kathleen Steele Gaivin
May 25, 2021
Fitch Ratings affirms BBB- Issuer Default Rating assigned to Riverview Retirement Community, downgrades rating outlook from stable to negative … Senior living community proposed in Chapel Hill, NC …...
Senator pushes for additional funding for long-term care facilities
By
Kathleen Steele Gaivin
May 20, 2021
Maine state Sen. Brad Farrin (R) is urging Gov. Janet Mills to channel more federal funds toward increasing reimbursement rates for direct care workers in the state.
Business briefs for Tuesday, May 18
By
Kathleen Steele Gaivin
May 18, 2021
Montana law permits long-term facilities to query employees’ vaccination status … Bank sues memory care community for foreclosure over $8.3M debt . . . EMBRACE Foundation seeks medical donations from...