Toledo, OH-based real estate investment trust Welltower announced Friday that occupancy within its seniors housing operating portfolio has fallen by 1.2% since March 27, declining from a rate of 85.4%...
Diversicare anticipates continued COVID-19 costs for 2021 but reports $1M in savings from Reliant deal
By
Amy Novotney
Mar 15, 2021
The COVID-19 pandemic led to an additional $32 million in healthcare-related expenses last year for Diversicare, and the Brentwood, TN-based skilled nursing operator expects 2021 will be another year of...
Kentucky SNFs expect to lose at least 11% of workforce due to vaccine mandate
By
Amy Novotney
Sep 07, 2021
Leaders from Kentucky’s long-term care industry implored state lawmakers Thursday to provide more support for its bruised and battered workforce.
CVS, Walgreens complete first round of SNF immunizations, doling out more than 3 million COVID-19 vaccines
By
Amy Novotney
Jan 26, 2021
In increasingly positive news for the senior living and care industries, CVS Health and Walgreens have completed the administration of the first round of COVID-19 vaccine doses to skilled nursing facilities...
LTC Properties reduces 2021 rent escalations, says acquisitions will make up difference
By
Amy Novotney
Dec 18, 2020
Real estate investment trust LTC Properties announced Thursday that the firm is reducing its 2021 rent escalations by 50% in the form of a rent credit to provide financial support to the majority of its...
Transparency and patience key during pandemic: NIC panelists
By
Amy Novotney
Mar 26, 2020
Patience and information sharing will be essential for senior living organizations hoping to survive this ongoing pandemic, so claimed panelists during a webinar Thursday focused on COVID-19 and financial...
Chicago-based Ventas slashed its quarterly dividend by 43% Friday, declaring a 45 cents per share second quarter dividend payable July 14. That’s down from the 79 cents per share payout a quarter earlier....
SBA issues new guidance on PPP loan forgiveness
By
Amy Novotney
Jun 28, 2020
The Small Business Administration has issued new interim final rules for the Paycheck Protection Program Flexibility Act in an attempt to make complete loan forgiveness attainable for most borrowers.
DOL addresses effectiveness of N95 respirators in new FAQs
By
Amy Novotney
Oct 21, 2020
The Department of Labor’s Occupational Safety and Health Administration released a series of Frequently Asked Questions stating that N95 respirators effectively protect wearers from coronavirus exposure....
Seniors housing lenders returning but under more conservative terms, Ziegler/NIC survey shows
By
Amy Novotney
Dec 16, 2020
Roughly half of seniors housing and care lenders say they are now lending on new construction, but the maximum loan-to-cost percentage, spreads and recourse requirements have become more onerous since...