Kendal to relocate PA headquarters to University of Delaware
By
Kathleen Steele Gaivin
Jan 13, 2022
Kendal Corp., the Kennett Square, PA-based supporting organization for the Kendal System, announced plans Wednesday to move its headquarters to the University of Delaware’s Science, Technology and Advanced...
Omega Healthcare Investors agrees to pay $3 million to settle MedEquities kickback claim
By
Kathleen Steele Gaivin
Nov 11, 2022
Hunt Valley, MD-based real estate investment trust Omega Healthcare Investors will pay $3 million to settle kickback allegations against Omega-owed MedEquities Realty Trust, the Department of Justice announced...
Senior living development interest ‘significantly higher’ this year even as costs rise
By
Kathleen Steele Gaivin
Jun 09, 2022
“The interest in new campus development from senior living providers and developers is significantly higher year over year,” despite commodity and supply chain challenges, rising interest rates and...
Sonida Senior Living looks to improve balance sheet, make investments with $47.7 million equity raise
By
Kathleen Steele Gaivin
Feb 07, 2024
A $47.7 million equity raise will help Sonida Senior Living improve its finances, invest in its communities and programming, and consider acquisitions, the Dallas-based owner-operator said Tuesday. The...
Muni bond defaults most likely to occur in senior living, skilled nursing, survey finds
By
Kathleen Steele Gaivin
Jan 09, 2024
Yields may have peaked in 2023 for municipal bonds, with defaults this year most likely to happen in senior living and skilled nursing, according to the results of a recent survey published by Hilltop...
Sagora Senior Living adds 17 communities across 5 states
By
Kathleen Steele Gaivin
Jun 03, 2024
Sagora Senior Living is expanding its multistate footprint with the addition of 17 communities in Alabama, Florida, Nebraska, Oklahoma and Texas.
Nursing home owner, operator fined after flooring project exposes workers, residents to asbestos, OSHA...
By
Kathleen Steele Gaivin
Jul 26, 2021
A Missouri nursing home’s owner and operator, as well as a contractor, are being fined after workers and residents were exposed to asbestos when the material was removed during a flooring replacement...
Ensign Group adds 17 operations during ‘one of the biggest acquisition quarters in several years’
By
Kathleen Steele Gaivin
Oct 28, 2022
The third quarter was “one of the biggest acquisition quarters in several years” for the Ensign Group, Executive Vice President Chad Keetch said during Thursday’s earnings call. The firm added 17...
Ignite boosts Texas presence via $12.7 million joint venture with LTC Properties
By
Kathleen Steele Gaivin
Apr 05, 2024
Ignite Medical Resorts will expand its footprint in Texas through a $12.7 million loan from Westlake Village, CA-based real estate investment trust LTC Properties that will enable the operator to purchase...
Take another look at ‘joint employer’ standard, court tells NLRB
By
Kathleen Steele Gaivin
Aug 02, 2022
A Washington, DC, district court on Friday directed the National Labor Relations Board to revisit its “joint employer” standard and more fully explain its reasoning for applying the rule to a case...