False Claims Act judgment of more than $258M forces nursing home chain to file for bankruptcy
By
Amy Novotney
Mar 04, 2021
Six nursing home business affiliates of Consulate Health Care sought Chapter 11 protection Monday, according to a Law360 report Tuesday.
Buyers are bullish for skilled nursing, expert says
By
Kathleen Steele Gaivin
May 05, 2022
Even in today’s economy, buyers are bullish when it comes to investing in skilled nursing facilities, Jason Stroiman, president and founder of Chicago-based Evans Senior Investments, said Wednesday in...
Legislation proposes $5.5M in ARPA funds to boost assisted living workforce
By
Kathleen Steele Gaivin
Feb 25, 2022
The Nebraska Unicameral Legislature is considering legislation that would direct more than $5.5 million in American Rescue Plan Act funds to assisted living communities to promote employee recruitment...
U.S. Treasury task force: Federal government must educate public about LTC costs
By
Amy Novotney
Aug 17, 2020
The Treasury and other federal agencies should do a better job educating consumers about long-term care and the need to finance it. That’s according to a report released last week by the Federal Interagency...
Average senior housing and care capitalization rate falls below pre-pandemic average: CBRE
By
Kathleen Steele Gaivin
Apr 08, 2022
The average senior housing capitalization rate fell by 13 basis points year-over-year and is now below the first half of fiscal year 2020 pre-pandemic average. That’s according to the 11th edition of...
Senior living investors anticipate rising cap rates over next year, survey shows
By
Kathleen Steele Gaivin
Jul 20, 2022
More than 71% of investors expect rising interest rates and other pressures to push capitalization rates up over the next 12 months. That’s according to respondents in the ninth annual Wealth Management...
National health spending declining as percent of GDP: analysis
By
Kathleen Steele Gaivin
Jun 24, 2022
National health spending accounted for 18.1% of gross domestic product in April, but that figure has been declining steadily over the past several months, according to Altarum’s monthly Health Sector...
‘Inflationary environment,’ ‘pent-up transactional demand’ driving momentum of senior housing...
By
Kathleen Steele Gaivin
Oct 12, 2021
As the economy slowly rises from the pandemic, the “inflationary environment” and “pent-up transactional demand over the past 18 months or so,” real estate investment trusts are dealing in common...
Wages, job quality top direct care concerns moving into next decade: PHI
By
Kathleen Steele Gaivin
Sep 08, 2021
An aging population, along with high turnover among care workers, could pose continuing challenges to the long-term care industry in the coming decade, according to a new report from the advocacy group...
Survey: Only 10 percent of Americans have long-term care coverage
By
Kathleen Steele Gaivin
Jul 21, 2022
Seventy percent of Americans over the age of 65 likely will need long-term care, yet only 10% of them are carrying long-term care coverage, according to the results of a recent survey by the Arctos Foundation...