The National Labor Relations Board is making it “more difficult for companies to treat workers as independent contractors rather than employees, handing workers in the gig economy and other industries...
Healthcare bankruptcy filings set to triple
By
Kathleen Steele Gaivin
Jul 25, 2023
Bankruptcy filings in the healthcare industry — including those in senior living and care settings — are trending approximately triple the level seen in 2021, according to a new report by Gibbins Advisors.
Omega Healthcare Investors strengthens balance sheet in second quarter: earnings report
By
Kathleen Steele Gaivin
Aug 04, 2021
Omega Healthcare Investors reported second-quarter net income of $86.9 million, a new $1.45 billion unsecured credit facility and a new $1 billion at-the-market program during its second-quarter earnings...
Welltower, PNC, Ortera pony up $690 million in financing for Santa Clara development
By
Kathleen Steele Gaivin
Aug 23, 2022
Through the combined backing of real estate investment trust Welltower, PNC Bank and Ortera Capital, Related California has secured $690 million in construction financing to jump start its development...
Second-generation Korean American brings ‘silver towns’ model to Georgia
By
Kathleen Steele Gaivin
Feb 23, 2024
In keeping with the Korean custom of caring for one’s elders, one man has developed a senior living community meant to emulate the silver towns of South Korea.
LTC Properties, PruittHealth joint venture buys 3 Florida SNFs for $62 million
By
Kathleen Steele Gaivin
Sep 13, 2022
LTC Properties announced Monday a $62 million joint venture with Norcrorss, GA-based PruittHealth to buy three skilled nursing facilities in northern Florida. PruittHealth is a new partner for the Westlake...
Omega Healthcare Investors heads into 2024 on solid ground, CEO says
By
Kathleen Steele Gaivin
Feb 09, 2024
The most significant challenges of the post-pandemic period are behind Omega Healthcare Investors, CEO Taylor Pickett said in a press release issued in conjunction with Thursday’s fourth-quarter and...
Outlook for senior living and care ‘somewhat mixed,’ Ziegler predicts
By
Kathleen Steele Gaivin
Feb 15, 2024
This year’s economic challenges for senior living and care will be “somewhat mixed,” according to specialty investment bank Ziegler’s annual recap of the previous year and predictions for the year...
Providers could lose employee retention credit funds sooner than expected
By
Kathleen Steele Gaivin
Aug 25, 2021
The version of the infrastructure bill approved by the Senate earlier this month could end the employee retention credit three months sooner than expected.
LTC Properties ready to ‘ramp up’ investment activity
By
Kathleen Steele Gaivin
Oct 31, 2022
LTC Properties expects to “ramp up” its investment activity over the next 12 to 24 months to “become even more competitive,” the Westlake Village, CA, real estate investment trust’s chairman...