Federal efforts to strengthen care economy fall short for senior living, advocates say
By
Kimberly Bonvissuto
Apr 19, 2023
President Biden’s executive order on strengthening the care economy, although well-intentioned, does not offer adequate solutions for long-term care in part because it does not support assisted living...
Mean cost of bringing new drug to US market Is $879.3 million
Jul 02, 2024
R&D has remained relatively stable among large pharma companies despite a 27.3% growth in sales.
Assisted living owner sentenced in $1 million COVID-19 relief fraud case
By
Kimberly Bonvissuto
Jan 12, 2024
The owner of an assisted living community will spend two years in federal prison as part of a plea agreement for fraudulently obtaining more than $1 million in COVID-19 relief funds that he used for personal...
Brookdale’s year-over-year occupancy up 300 basis points in February
By
Kimberly Bonvissuto
Mar 10, 2023
Brookdale Senior Living reported a year-over-year 300-basis-point boost to its consolidated occupancy for February.
People in the news, Jan. 2
Jan 02, 2024
Appointments, promotions and other news at Anthem Memory Care, Erickson Senior Living, Esteam Health, Kendal, Life Care Services/LCS and Selectis Health.
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...
Invesque sells $68.4 million in SNF properties in first quarter
By
Kathleen Steele Gaivin
May 13, 2024
Invesque sold $68.4 million in skilled nursing properties during the first quarter, the Fishers, IN-based healthcare real estate investment company announced Thursday in a quarterly earnings report. The...
2nd HQ, more communities signs of expansion ahead for Transforming Age, CEO says
By
Kathleen Steele Gaivin
Oct 17, 2022
A sign of things to come, Bellevue, WA-based Transforming Age is about to open a second headquarters in Omaha, NE, the company announced Thursday. President and CEO Torsten Hirche told the McKnight’s...
People in the news, Jan. 24
Jan 24, 2023
Appointments, promotions and other news at Acts Retirement–Life Communities, ARRO Consulting, the Center for Innovation, Civitas Senior Living, Erickson Senior Living, Hebrew Senior Living, Monarch Communities,...
Senior living market fundamentals favor REITs, LTC Properties CEO says
By
Kimberly Bonvissuto
Feb 20, 2024
LTC Properties Chairman and CEO Wendy Simpson called 2023 a “year of solid execution” as the real estate investment trust “substantially resolved” all of its challenges and looks to 2024 with market...