Senior living marketing agency Attane abruptly closes, a victim of industry’s slow pandemic rebound
By
Kathleen Steele Gaivin
Jul 27, 2023
Kansas City, MO, senior living marketing agency Attane on Monday unexpectedly announced its immediate closure, an apparent victim of the COVID-19 pandemic. The news leaves approximately 100 employees looking...
Cypress Living to provide consulting services to Lee Health’s home health agency
By
Kathleen Steele Gaivin
Nov 08, 2022
Cypress Living will provide consulting services to the home health segment of Fort Myers, FL-based Lee Health, Cypress announced Monday. Lee Health is one of the largest home health providers in Southwest...
NHI closes on sale of 8 communities formerly leased to Holiday Retirement
By
Kathleen Steele Gaivin
Aug 23, 2021
National Health Investors has closed on the sale of eight senior living communities consisting of 909 units formerly leased to Holiday Retirement for gross proceeds of $115 million, the real estate investment...
Proposed rule would ensure access to government websites, apps for people with disabilities
By
Kathleen Steele Gaivin
Aug 21, 2023
he Justice Department has introduced a proposed rule under the Americans with Disabilities Act meant to improve web and mobile applications access for people with disabilities.
Consider effects on employee retirement plans when planning mergers, acquisitions, expert says
By
Kathleen Steele Gaivin
Dec 01, 2023
Merger and acquisition activity in senior living and care has been flowing at a record pace throughout this year. But operators should not overlook the effects on employees’ retirement plans when making...
CareTrust REIT reports SNFs deals totaling $180 million
By
Kathleen Steele Gaivin
Jun 05, 2024
CareTrust REIT has purchased or funded the purchase of 13 skilled nursing facilities in two deals totaling approximately $180 million, the company announced Tuesday.
Experts offer tips to mitigate construction cost risks in the current economy
By
Kathleen Steele Gaivin
Apr 27, 2022
Limited staff, resources, costs and supply chain issues all continue to hinder construction projects in the economy. Plante Moran experts offered strategies for mitigating construction costs risks and...
Diversified Healthcare Trust’s senior living portfolio sees month-over-month improvements
By
Kathleen Steele Gaivin
Oct 25, 2023
The performance of Diversified Healthcare Trust’s senior housing operating portfolio, or SHOP, improved slightly in September, despite the company’s uphill climb with a post-pandemic recovery. That’s...
ProMedica’s senior care division reports $93.1 million in losses for fourth quarter
By
Kathleen Steele Gaivin
Mar 15, 2022
Toledo-Ohio ProMedica’s senior care division generated an operating loss of $93.1 million for the fourth quarter of 2021, compared with the division’s operating loss of $43.5 million for the prior...
Eagle Senior Living sees ‘significant debt relief’ in restructuring plan
By
Kathleen Steele Gaivin
Apr 29, 2022
A reorganization plan for Eagle Senior Living will reduce the company’s debt by approximately $40 million and promises $28 million in new financing, according to the operator’s attorney. The U.S. Bankruptcy...