ProMedica Senior Care posts $14.7 million loss in second quarter
By
Kathleen Steele Gaivin
Aug 16, 2023
Toledo, OH-based ProMedica Senior Care on Monday reported a $14.7 million operating loss for the second quarter, and parent company ProMedica posted a $39.8 million operating loss for the quarter, the...
Diversified Healthcare Trust senior living portfolio on path to stabilization: CEO
By
Kimberly Bonvissuto
Aug 05, 2022
Diversified Healthcare Trust’s second-quarter results showed continued and encouraging recovery for the senior living portfolio, President and CEO Jennifer Francis said during Thursday’s earnings call.
Proposed overtime rule is ‘bad policy’ that senior living providers cannot absorb, groups say
By
Kimberly Bonvissuto
Nov 09, 2023
A new overtime rule proposed by the federal government would worsen workforce issues for senior living providers and create unintended consequences for workers and residents, according to industry advocacy...
Up to 80 percent of older adults unable to afford 4 years of assisted living: study
By
Kimberly Bonvissuto
Apr 20, 2023
Up to 80% of older adults have modest assets and would be unable to afford four years in an assisted living community or more than two years of nursing home care, according to a new study.
Pandemic challenges send large nonprofit CCRC into bankruptcy
By
Kimberly Bonvissuto
Jun 13, 2023
One of the nation’s largest nonprofit continuing care retirement communities is citing pandemic losses in filing for bankruptcy as the COVID-19 pandemic continues to have a ripple effect on the senior...
Analysis: Government’s planned pay hike insufficient for staffing mandate
By
Kimberly Marselas
May 28, 2024
A proposed pay increase for nursing home operators may be one of the best in recent memory, but it won’t adequately prepare the sector for implementation of the federal staffing mandate, one of the sector’s...
Medicaid, affordable housing changes in proposed budget concern senior living advocates
By
Lois A. Bowers
Mar 12, 2019
Senior living advocates are urging Congress to reject the reforms to Medicaid in President Trump’s proposed budget for fiscal year 2020 and also are “deeply disappointed” in changes to affordable...
Republicans take aim at Social Security, Medicare in debt reduction talks
By
Kathleen Steele Gaivin
Jan 25, 2023
The United States reached its debt limit of $31.4 trillion Thursday. As Congress looks to reduce spending, some House Republicans are taking aim at Social Security and Medicare.
Justice Department touts aggressive enforcement against pandemic relief fraud
By
Kimberly Marselas
Mar 29, 2021
As thousands of long-term care operators and other businesses fought to retain employees and stay afloat over the past year, hundreds of others were working to defraud relief programs to the tune of $569...
Florida tops WalletHub’s ‘2021 Best States to Retire’ list
By
Kimberly Bonvissuto
Jan 27, 2021
Deciding where to retire can be as difficult as deciding when to retire, thanks to the effect of the pandemic on retirement accounts and savings.