Welltower sells 17.5 million shares to fund long-term care facility purchases
By
Kathleen Steele Gaivin
Nov 07, 2023
Welltower has sold 17.5 million shares of common stock to BofA Securities and Goldman Sachs & Co. and intends to use the net proceeds to acquire senior living communities and skilled nursing facilities,...
NHI ‘in great shape to start growing’ again, CEO says
By
Kathleen Steele Gaivin
Mar 27, 2023
National Health Investors is reaping the benefits of portfolio optimization begun in 2022, according to President and CEO Eric Mendelsohn. The Murfreesboro, TN-based real estate investment trust is “in...
Workplace accidents highest in the North: analysis
By
Kathleen Steele Gaivin
Feb 13, 2023
Accidents in the workplace can happen anywhere. The highest incidences of workplace accidents, however, are predominately found in the northern states, according to a recent analysis from High Rise Financial.
Tax deduction limits for LTC insurance expected to increase 6 to 7 percent
By
Kathleen Steele Gaivin
Oct 24, 2022
Tax deductible limits for long-term care insurance are expected to increase by 6 to 7% next year, according to the American Association for Long-Term Care Insurance. “One of the little-known benefits...
Proposed rule includes notification requirement for tenants prior to eviction from HUD-assisted residences
By
Kathleen Steele Gaivin
Dec 06, 2023
The Department of Housing and Urban Development recently issued a proposed rule that would require 30-day notifications to evict tenants from HUD-assisted residences for defaulting on their rent.
$1 million in grants available to prevent, address gender-based violence and harassment in workplaces
By
Kathleen Steele Gaivin
May 01, 2023
The Department of Labor has made a total of $1 million in funding available for up to four grants to prevent and respond to gender-based violence and harassment against women from underserved and historically...
Avoid ‘elephant in the room,” be direct with lenders about staffing challenges, expert says
By
Kathleen Steele Gaivin
Dec 15, 2023
Staffing issues are a part of doing business in long-term care these days. Cambridge Realty Capital Managing Director Anthony Marino advises providers to avoid the “elephant in the room” and to be...
Rates for nursing homes, in-home care down: report
By
Kathleen Steele Gaivin
Mar 28, 2024
Movement of rates for long-term care is mixed, with assisted living and home health aide rates up but rates for in-home nursing visits and nursing homes declined year over year, according to a new report...
Senior living community sued for allegedly failing to repay $2.8M in loans
By
Kathleen Steele Gaivin
Apr 20, 2023
A Cumming, GA, senior living community is being sued for allegedly failing to repay $29.5 million borrowed from Millenium Bank in Georgia.
Long-term care mergers and acquisitions drop 13 percent from last quarter
By
Kathleen Steele Gaivin
Apr 18, 2023
Mergers and acquisitions in senior living and skilled nursing in the first quarter included just 98 transactions. That’s 13% fewer than the 112 transactions that occurred in the fourth quarter of 2022,...