CareTrust spends $47.6M to acquire four-property Texas long-term care portfolio
By
Amy Novotney
Nov 18, 2020
San Clemente, CA-based CareTrust REIT announced the acquisition Tuesday of four long-term care facilities in the Dallas-Ft. Worth area in an off-market transaction for $47.6 million.
CMS reevaluating outlays for the Accelerated Payment Program
By
Amy Novotney
Apr 28, 2020
The Centers for Medicare & Medicaid Services announced Sunday that it is reevaluating the amounts that will be paid under its Accelerated Payment Program and suspending its Advance Payment Program to Part...
SNF investors focus on needs-based model, expect census return by mid-2022
By
Amy Novotney
Feb 25, 2021
Amid the all-too-frequent headlines of “nursing home deaths,” federal and state deficits, increased competition from home health agencies and historic low occupancy levels while wage pressures continue,...
CEO optimism on economic outlook at its lowest level since 2009
By
Amy Novotney
Jul 02, 2020
CEOs at major U.S. companies have expressed a level of pessimism on the economic outlook not seen in 11 years, according to a quarterly survey from Business Roundtable.
U.S. Treasury task force: Federal government must educate public about LTC costs
By
Amy Novotney
Aug 17, 2020
The Treasury and other federal agencies should do a better job educating consumers about long-term care and the need to finance it. That’s according to a report released last week by the Federal Interagency...
HCR ManorCare made up over half of ProMedica’s revenue in first half of 2020
By
Amy Novotney
Sep 28, 2020
It’s been a little more than two years since nonprofit health system ProMedica’s $1.4 million acquisition of Quality Care Properties tenant HCR ManorCare and Arden Courts, through a joint venture with...
OSHA issues new COVID-19 guidance for employers; mandates still forthcoming
By
Amy Novotney
Feb 01, 2021
In response to an executive order, the Occupational Safety and Health Administration issued stronger worker safety guidance Friday to help employers and workers implement COVID-19 prevention programs and...
Health department admonishes senior living company for marketing early vaccines to prospects
By
Amy Novotney
Feb 09, 2021
In an effort to attract prospective residents and fill vacant units amid the ongoing COVID-19 pandemic, some senior living operators have been adding vaccine access to their marketing toolbox. A handful...
Pandemic will force senior living models to change more quickly: report
By
Amy Novotney
Jun 02, 2020
Even before the pandemic began, senior living was experiencing the challenges of a shifting demographic — adjusting to longer life spans, more-active retirements, a labor shortage and changing care needs....
Business briefs for Wednesday, April 14
By
Amy Novotney
Apr 14, 2021
Judge rules COVID-related suit can move forward against provider despite state’s immunity order … Welltower receives Energy Star Partner of the Year Award from EPA and Department of Energy for third...