NHI’s real estate investments exceed expectations in first quarter, CEO says
By
Kathleen Steele Gaivin
May 11, 2023
First-quarter results related to core real estate investments were above expectations, “driven by strong collections, no unscheduled rent concessions, deferral repayments and new investments,” National...
Balancing costs, benefits a challenge in recruiting, retaining workers: survey
By
Kathleen Steele Gaivin
Jul 14, 2023
Battling increasing costs while investing in employee benefits often is a balancing act in the recruitment and retention of employees, according to the results of a survey from London-based global advisory,...
ProMedica Senior Care posts $14.7 million loss in second quarter
By
Kathleen Steele Gaivin
Aug 16, 2023
Toledo, OH-based ProMedica Senior Care on Monday reported a $14.7 million operating loss for the second quarter, and parent company ProMedica posted a $39.8 million operating loss for the quarter, the...
DOL rule increases cap for H-2B nonimmigrant visas
By
Kathleen Steele Gaivin
Nov 22, 2023
US Citizenship and Immigration Services has issued a temporary final rule to increase the cap for H-2B nonimmigrant visas by up to 64,716 additional visas for fiscal year 2024.
Skilled nursing claims continue to be eclipsed by assisted living claims by average cost, CNA reports
By
Kathleen Steele Gaivin
Mar 18, 2022
The average cost of assisted living professional liability claims ($267,174) has outpaced such claims by skilled nursing facilities ($245,559) over the past few years, according to the 11th edition of...
ProMedica launches initiative to extend services ‘beyond the four walls of healthcare’
By
Kathleen Steele Gaivin
Sep 27, 2021
Toledo, OH-based ProMedica, parent to ProMedica Senior Care, which includes the former HCR ManorCare, Arden Courts and Heartland, is changing its approach to healthcare to prioritize social determinants...
LCS completes planned recapitalization with Redwood, McCarthy, LCS employee shareholders
By
Kathleen Steele Gaivin
Jan 05, 2022
Life Care Services, the nation’s second-largest senior living operator, according to Argentum and the American Seniors Housing Association, has completed a long-anticipated recapitalization that includes...
Slow recovery leads to healthcare spending decline for first time in 50+ years
By
Kathleen Steele Gaivin
Jul 28, 2022
For the first time in more than 50 years, inflation-adjusted healthcare spending declined, according to a research brief published Wednesday by research and consulting organization Altarum.
Downtown urban areas to be major focus for senior living developers, experts predict
By
Kathleen Steele Gaivin
Apr 12, 2022
Senior living’s expansion into downtown urban areas caught the eye of the Wall Street Journal Friday.
Friendship, Richfield Living merge in Virginia
By
Kathleen Steele Gaivin
Oct 04, 2023
Two southwestern Virginia retirement communities merged this week in a new collaboration they believe will enhance their existing offerings and broaden their reach.