Long-term care providers among 193 criminally charged, $2.75 billion in fraud recoveries so far in 2024
By
Kathleen Steele Gaivin
Jul 01, 2024
The Justice Department has recovered more than $2.75 billion in false claims against healthcare providers and charged 193 defendants so far this year in criminal cases through its 2024 National Health...
NIC MAP Vision offers listings service for senior housing real estate brokers
By
Kathleen Steele Gaivin
Mar 01, 2023
Raleigh, NC-based NIC MAP Vision has launched a new feature — a listings service for brokers of senior living real estate.
Senior living investors struggle with near-term challenges
By
Kathleen Steele Gaivin
Nov 03, 2023
Senior living deals have been fraught this year with near-term challenges, such as higher interest rates, instability of some regional banks and turbulent capital markets, according to a new report from...
Prestige Care predicts layoffs ahead of shift to PACS Group
By
Kathleen Steele Gaivin
Jun 05, 2024
Vancouver, WA-based Prestige Care has begun a restructuring plan that may include layoffs as it prepares for acquisition by PACS Group in August.
Staffing shortages ease for SNFs, but they’re not out of the woods yet
By
Kathleen Steele Gaivin
Oct 18, 2022
Skilled nursing properties reporting shortages of nursing staff dropped from 28% in January to 20.8% in September, according to the National Investment Center for Seniors Housing & Care.
Entrance-fee CCRCs outpace rental ones in occupancy
By
Kathleen Steele Gaivin
Jun 20, 2023
Continuing care retirement / life plan communities that charge an entrance fee have fared better lately in terms of occupancy than rental communities, according to specialty investment bank Zigler.
Overtime rule publication pushed to August
By
Kathleen Steele Gaivin
Jun 16, 2023
The Department of Labor Wage and Hour Division has pushed back publication of its overtime rule proposal from May to August.
Loan activity at record low for senior living: NIC
By
Kathleen Steele Gaivin
Aug 11, 2023
The issuance of new permanent debt reached a time series low for senior living — and a near record low for skilled nursing — in the first quarter based on the six years since the National Investment...
$1M in investable assets won’t cut it in retirement, survey finds
By
Kathleen Steele Gaivin
Oct 19, 2022
Wealthier individuals are preoccupied with their eventual ability to retire comfortably, even if they have $1 million or more in assets, according to data on such US investors from a survey conducted by...
Millions more salaried employees would be eligible for overtime pay under federal bill
By
Kathleen Steele Gaivin
Mar 31, 2023
Millions more salaried American workers would be eligible for overtime pay when they work more than 40 hours a week under a bill reintroduced Wednesday by Democratic legislators in both bodies of Congress