Ignite Medical Resorts breaks ground on its first new construction since 2020
By
Kathleen Steele Gaivin
Jun 25, 2024
Chicago-based Ignite Medical Resorts broke ground Thursday on a new skilled nursing facility in Batavia, IL. The company’s first new construction project since 2020 comes at a time when financing and...
Lutheran Senior Services/Diakon agreement forms one of largest US nonprofit LTC organizations
By
Kathleen Steele Gaivin
Mar 29, 2024
Diakon Senior Living operations and its four continuing care retirement / life plan communities will become part of Lutheran Senior Services under an agreement announced Wednesday that the organizations...
Omega Healthcare Investors has ‘headroom’ to withstand LaVie’s bankruptcy: Fitch Ratings
By
Kathleen Steele Gaivin
Jun 12, 2024
Omega Healthcare Investors’ credit rating has enough of a cushion to weather the recent bankruptcy of tenant LaVie Care Centers, Fitch Ratings said Tuesday.
Welltower codifies ESG initiatives in formal policy
By
Kathleen Steele Gaivin
Jun 28, 2024
Welltower has formalized its environmental, social and governance commitment in a board-approved ESG policy, according to the Toledo, OH-based real estate investment trust’s annual ESG report, released...
Nursing homes struggle with tighter reimbursement environment, expert says
By
Kathleen Steele Gaivin
Mar 20, 2024
Nursing home funding challenges, capital and private equity firms were among the subjects of a webinar Tuesday sponsored by the Long Term Care Community Coalition.
Republican senators introduce joint resolution calling for overtime rule repeal
By
Kathleen Steele Gaivin
Jun 20, 2024
Republican Sens. Tommy Tuberville (AL) and Mike Braun (IN) on Monday introduced a joint resolution under the Congressional Review Act that if passed would repeal the federal overtime rule set to go into...
Outlook appears rosier for senior housing investors, experts say
By
Kathleen Steele Gaivin
Apr 03, 2024
Healthcare investors, including senior housing ones, are apt to see an uptick in opportunities this year, according to several recent analyses.
FBI, Justice Department cracking down on PPP loan fraudsters
By
Kathleen Steele Gaivin
Mar 19, 2024
The FBI and Justice Department are reportedly ramping up investigations and prosecutions of companies believed to have fraudulently obtained Paycheck Protection Program loans during the pandemic.
Private-sector employment sees biggest jump since July: ADP
By
Kathleen Steele Gaivin
Apr 04, 2024
March saw the biggest jump in hiring since July 2023, according to the ADP National Employment Report Economy Lab report released Wednesday.
Healthpeak Properties CCRC portfolio sees 27 percent same-store NOI growth
By
Kathleen Steele Gaivin
Apr 29, 2024
Denver-based Healthpeak Properties saw same-store net operating income growth of 27% in its portfolio of continuing care retirement communities in the first quarter,