Healthpeak reduces 2021 guidance and dividends, continues senior living exit
By
Amy Novotney
Feb 11, 2021
Denver-based Healthpeak Properties reported fourth-quarter adjusted funds from operations Tuesday of 41 cents per share, surpassing several analysts who had estimated 40 cents per share.
Operators, frontline workers likely to benefit from next virus relief bill: McConnell
By
John O'Connor
Jul 08, 2020
For senior living operators seeking COVID-19 lawsuit protections and workers earning less than $19 an hour, the next coronavirus package may deliver some welcome news. Senate Majority Leader Mitch McConnell...
CCRC files for Chapter 11 for third time in 9 years
By
Kathleen Steele Gaivin
Apr 27, 2023
A continuing care retirement / life plan community on Long Island filed for bankruptcy protection last month for the third time in nine years in the Bankruptcy Court for the Eastern District of New York.
Brookdale completes $100M refinancing, substantially prepays mortgages due in 2022
By
Kathleen Steele Gaivin
Dec 22, 2021
By taking on $100 million in mortgage debt, Brookdale Senior Living said Monday, it will substantially prepay debts scheduled to mature in 2022, saving millions of dollars in interest.
Acquisitions more likely than new developments as operators emerge from pandemic: speakers
By
Amy Novotney
Feb 03, 2021
More than 10 months into the COVID-19 pandemic, senior housing investors are more interested in prioritizing acquisitions above new developments as the uncertainty of the market continues. That’s according...
Senior living inquiries, move-ins up significantly from April: report
By
Amy Novotney
Sep 21, 2020
August senior living move-ins increased more than 95% compared with April, whereas move-outs compared with a year prior were approximately 25% lower. That’s according to a report released last week from...
SNFs received a nearly 9% Medicare rate boost from COVID-19 patients in April: analysis
By
Amy Novotney
Jun 17, 2020
April’s average per diem Medicare rate paid for COVID-19 patients in skilled nursing facilities was $669, according to an analysis of claims submitted by the more than 1,300 SNFs, conducted by Zimmet...
Ventas completes $2.3 billion acquisition of New Senior Investment Group
By
Kathleen Steele Gaivin
Sep 23, 2021
Ventas announced Tuesday the completion of the real estate investment trust’s acquisition of New Senior Investment Group in an all-stock transaction valued at $2.3 billion.
Wages alone won’t solve staffing crisis, study indicates
By
Kathleen Steele Gaivin
Feb 08, 2022
The COVID-19 pandemic has highlighted concerns about high staff turnover rates in nursing homes. A new University of Iowa study of 396 skilled nursing facilities in the state finds a significant relationship...
Initial claims for unemployment stabilize week over week
By
Kathleen Steele Gaivin
Mar 08, 2024
Week-over-week initial claims for unemployment for the week ended March 2 remained flat at 217,000, according to data released Thursday by the Department of Labor’s Bureau of Labor Statistics.