AlerisLife plans $14 million in cost cuts, $4 million in investments
By
Lois A. Bowers
Aug 05, 2022
Newton, MA-based AlerisLife will reduce costs by approximately $14 million and invest approximately $4 million under recommendations made by a consulting firm it hired, to “drive efficiencies and standardize...
Diversified Healthcare Trust senior living portfolio on path to stabilization: CEO
By
Kimberly Bonvissuto
Aug 05, 2022
Diversified Healthcare Trust’s second-quarter results showed continued and encouraging recovery for the senior living portfolio, President and CEO Jennifer Francis said during Thursday’s earnings call.
Occupancy and profitability recovery a mixed bag for senior living: panel
By
Kimberly Bonvissuto
Aug 04, 2022
Senior living occupancy and profitability recovery have shown mixed results since the pandemic hit, said a panel of experts during an Argentum webinar Wednesday.
With worst of pandemic in rearview mirror, LTC focuses on growth: CEO
By
Kimberly Bonvissuto
Aug 01, 2022
Confident that much of the “angst” that LTC Properties experienced during the pandemic is now “in the rearview mirror,” Wendy Simpson, chairman and CEO of the Westlake Village, CA, real estate...
Insurance premiums rise for senior living operators due to pandemic: NIC
By
Kimberly Bonvissuto
Jul 29, 2022
Professional liability and property insurance premiums for senior living operators are increasing thanks to COVID-19, according to the results of a new National Investment Center for Seniors Housing &...
Healthcare employers more likely than those in other industries to shrink workforce: survey
By
Kathleen Steele Gaivin
Jul 29, 2022
More than 40% of employers plan on expanding their workforces this year, but healthcare employers are not among them. That’s according to the results of a recent Fisher Phillips flash survey published...
Unemployment claims decreased by 5,000 week to week — first decrease in 4 months
By
Kathleen Steele Gaivin
Jul 29, 2022
New unemployment claims decreased by 5,000 to 256,000 for the week ending July 23. According to the Department of Labor, this was the first week-to-week decrease in four weeks. The number of claims for...
Collaborative seeks to ‘fuel robust dialogue’ affecting costs of aging in US
By
Kimberly Bonvissuto
Jul 28, 2022
A national collaborative is advocating for the adoption of the Elder Index to better understand the true costs of aging in the United States and to prompt policies to improve standard-of-living measures.
Slow recovery leads to healthcare spending decline for first time in 50+ years
By
Kathleen Steele Gaivin
Jul 28, 2022
For the first time in more than 50 years, inflation-adjusted healthcare spending declined, according to a research brief published Wednesday by research and consulting organization Altarum.
Senior housing investment takes a ‘modest step back’
By
Kathleen Steele Gaivin
Jul 26, 2022
The economic recovery embraced by senior housing investors a year ago is still happening, but it has taken a “modest step back” in the face of increasing costs, inflation and interest rate hikes, Beth...