Stimulus grants helping Diversicare and NHC withstand pandemic’s decreased revenue and significant...
By
Amy Novotney
Aug 07, 2020
Brentwood, TN-based Diversicare felt the impact of COVID-19 “in a very real way” in the second quarter, recording more than 2,500 positive cases in patients, residents and staff, affecting 56 of the...
$500,000 in EPA funds will clean up site of future assisted living complex
By
Kathleen Steele Gaivin
Jun 21, 2021
Niagara County, NY, will use $500,000 in EPA funds to clean up a brownfield site where an assisted living complex will be built.
HCR ManorCare made up over half of ProMedica’s revenue in first half of 2020
By
Amy Novotney
Sep 28, 2020
It’s been a little more than two years since nonprofit health system ProMedica’s $1.4 million acquisition of Quality Care Properties tenant HCR ManorCare and Arden Courts, through a joint venture with...
COVID ‘long-haulers’ may qualify as disabled under federal law
By
Kathleen Steele Gaivin
Jul 28, 2021
Employers may need to grant accommodations to some people experiencing long-term effects of COVID-19, who may qualify as disabled, according to new guidance issued jointly Monday by the Department of Health...
Picture looks bright for Sabra’s SNF portfolio; rental assistance may be needed for senior housing...
By
Amy Novotney
Feb 24, 2021
The ongoing rollout of the COVID-19 vaccine within skilled nursing facilities and senior living communities has many investors focused on a recovery scenario for Sabra Health Care REIT. Concerns still...
$10 billion bipartisan bill aims to address financial losses, workforce shortages in assisted living
By
Kathleen Steele Gaivin
Jan 31, 2022
Assisted living providers would receive $10 billion in funding to help them recover from pandemic-related financial and workforce challenges if a bipartisan bill introduced Thursday by U.S. Reps. Lori...
Small businesses in dire straits, CEOs warn Congress
By
Amy Novotney
Aug 04, 2020
Nearly 100 current and former CEOs of companies both large and small sent a letter to congressional leaders Monday pressing them for additional, longer-term support for small businesses.
U.S. appeals court denies religious exemption for state’s vaccine mandate for healthcare workers
By
Kathleen Steele Gaivin
Nov 02, 2021
A three-panel federal appeals court on Friday removed a lower court’s temporary injunction that had allowed healthcare workers to seek religious exemptions to New York state’s COVID-19 vaccine mandate.
‘Commonsense immigration reform’ still a key to addressing workforce shortages in long-term care
By
Kathleen Steele Gaivin
Aug 23, 2021
The long-term care industry Friday may have hit a bump in pinning some of its hopes on immigration to ease the ongoing workforce shortages, as the U.S. Citizenship and Immigration Services announced that...
Invesque considering restructuring options with two senior living and care tenants
By
Amy Novotney
Aug 14, 2020
Invesque reported solid second quarter financial results Wednesday. The real estate investment trust cited cost-cutting measures announced in the first quarter to strengthen liquidity and preserve cash....