New bill would overhaul nation’s workforce training and development system
By
Kathleen Steele Gaivin
Dec 12, 2023
Reps. Virginia Foxx (R-NC) and Bobby Scott (D-VA), chair and ranking member of the House Education and the Workforce Committee, respectively, recently introduced legislation aimed at overhauling the nation’s...
Senior living lending increases as investors adjust to changing capital market
By
Kathleen Steele Gaivin
Feb 23, 2024
The issuance of new permanent debt for senior living increased during the third quarter of 2023, according to a lending trends report released by NIC Analytics.
‘Ambiguous’ False Claims Act standard expected to be clarified by Supreme Court
By
Kathleen Steele Gaivin
Apr 25, 2023
A Supreme Court decision expected in June could give providers the necessary tools to protect themselves from unwarranted accusations of making fraudulent claims under that False Claims Act.
Insurance companies pocketing millions in overpayments through their Medicare Advantage subsidiaries,...
By
Kathleen Steele Gaivin
Nov 22, 2022
The Centers for Medicare & Medicaid Services released the results of 90 audits of Medicare Advantage plans. The federal audits discovered $12 million in net overpayments for the care of 18,090 patients...
Premerger notification process could get ‘significantly’ more expensive, time-consuming
By
Kathleen Steele Gaivin
Jul 11, 2023
The Federal Trade Commission and the Department of Justice’s Antitrust Division have proposed changes to the merger review process under the Hart-Scott-Rodino Antitrust Improvments Act that could make...
Fitch says ratings changes could benefit SNF-heavy CCRCs
By
Kathleen Steele Gaivin
Mar 18, 2024
Fitch Ratings’ proposed changes to the way it rates not-for-profit continuing care retirement / life plan communities are designed to provide “much more transparency around [communities] that don’t...
Welltower exceeds $1 billion of annualized net operating income in senior living segment
By
Kathleen Steele Gaivin
Aug 02, 2023
Welltower’s senior living results for the second quarter exceeded expectations, CEO Shankh Mitra said Tuesday on the Toledo, OH-based real estate investment trust’s quarterly earnings call.
Momentum picks up in senior living construction: ASHA brief
By
Kathleen Steele Gaivin
Aug 27, 2021
Lumber costs are slowly coming down from pandemic highs, but labor costs continue to rise along with a shortage of skilled labor, Senior Vice President Larry Graeve and Chief Estimator Amy Burk of The...
Trustwell much larger after adding 16 communities to portfolio
By
Kathleen Steele Gaivin
Jun 27, 2023
New York City-based Trustwell Living has added 16 assisted living and memory care communities to its holdings, greatly expanding its five-community portfolio to 21 communities.
CareTrust REIT closes $45M in senior living and care investments
By
Kathleen Steele Gaivin
Jul 06, 2023
CareTrust REIT has closed two separate transactions on the West Coast with an aggregate initial investment amount of approximately $45.2 million, the San Clemente, CA-based real estate investment trust...