Wage inflation is a continued headwind for CCRCs, SNFs
By
Kathleen Steele Gaivin
Jun 13, 2023
Wage inflation remains a headwind continuing care retirement / life plan communities and skilled nursing facilities, according to Fitch Ratings in its latest about the sector
REITs look forward to stabilizing growing portfolios in coming decade
By
Kathleen Steele Gaivin
Jun 09, 2021
Occupancy rates likely have bottomed out, and growth opportunities are on the rise, according to presenters yesterday at Nareit’s REITweek Investor Conference.
Pennant Group CEO: Senior living segment makes ‘remarkable progress’
By
Kathleen Steele Gaivin
Aug 10, 2023
The Pennant Group’s senior living segment “made remarkable progress” in the second quarter, CEO Brent Guerisol said Wednesday on the company’s latest earnings call.
48 percent of private-sector employees don’t have workplace retirement plans
By
Kathleen Steele Gaivin
Jul 15, 2022
Access to a workplace retirement plan is an important means of planning for financial security later on, and yet 48% of U.S. private-sector employees aged 18 to 64 work for an employer that does not offer...
Some companies that offer long-term care insurance are reducing their premiums to entice enrollment.
Senior living occupancy recovery driven by ‘steadfast absorption,’ aging population: report
By
Kathleen Steele Gaivin
Mar 06, 2024
“Steadfast absorption sustains occupancy recovery” across memory care, assisted living and continuing care retirement communities, according to a new report from commercial real estate investment sales...
Second-quarter earnings calls continued Wednesday with updates from Welltower and Invesque.
Meadowood rebrands, drops ‘senior living’ from name
By
Kathleen Steele Gaivin
Jun 01, 2023
Meadowood, a continuing care retirement / life plan community in Worcester Township, PA, has rebranded, dropping “senior living” from its name, logo and signage, the provider announced Monday.
Operator faces nearly $1M in damages for alleged racketeering
By
Kathleen Steele Gaivin
Oct 16, 2023
A group of nursing home residents and their families asked the 11th Circuit Court earlier this month to revive a 2018 class action suit accusing the operator of several skilled nursing facilities in Florida...
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...