Senior living market ripe for development, experts say
By
Kimberly Bonvissuto
May 24, 2024
The senior living landscape is ripe for development thanks to market fundamentals, extended construction timelines and growing occupancy, according to experts with the National Investment Center for Seniors...
Identifying highest-risk assisted living communities key to tackling next outbreak: report
By
Kimberly Bonvissuto
May 22, 2024
The public health response to COVID-19 in assisted living communities in New York highlights the need to identify those communities at highest risk of infectious disease outbreaks to provide necessary...
Senior living ‘on the precipice of this defining moment,’ Argentum CEO says
By
Kimberly Bonvissuto
Apr 30, 2024
The senior living industry sits “on the precipice of this defining moment with significant challenges but also tremendous opportunities” to tell its story and help millions of older adults “live...
Federal final rule drops bring cries of ‘flawed,’ ‘aggressive,’ ‘dramatic’ from senior living...
By
Kimberly Bonvissuto
Apr 25, 2024
Late April brought a shower of regulatory changes as the federal government dropped four major final rules this week that the senior living and care industry is calling “flawed,” “aggressive” and...
$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...
Long-term care pharmacies forced to borrow to buy resident drugs, close as intermediaries tighten grip...
By
Kimberly Marselas
Apr 08, 2024
Long-term care resident access to prescription drugs is being squeezed as several market and regulatory factors have combined to increase the power that pharmacy benefit managers have over the specialized...
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...